Dear MEL Topic Readers,
AI is sparking a jobs boom — just not for newbies
As AI takes more human roles, thousands of jobs, such as repetitive, structured,
predictable tasks, such as data entry, telemarketing, customer service, coding,
and administrative positions, have been eliminated in the US. Accordingly, there
are significantly fewer job openings for these entry-level jobs, which are suitable
for new graduates to start their careers. As of March, over 5% of recent
college graduates were unemployed, while the overall unemployment rate stood at
4.2%. Upskilling is one way for job seekers to qualify for remaining job
opportunities, but AI is also upgrading while they are learning new skills. As
for US employers, instead of growing talent through jobs, they are looking for
senior-level talent who can manage AI and teams around the fast-moving world,
and they are competing to hire people from the same small pool of talent. But
this eliminates not only young people’s job opportunities but also their chance
to bloom in the future. What seems essential for businesses might not be just replacing
jobs with AI but improving and growing with AI.
Read the article and learn how AI is affecting the US job market.
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