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Young people hate today's job market. You can't blame it all on AI
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Young people hate today's job market. You can't blame it all on AI

AxiosΒ·Jim VandeHei,Mike AllenΒ·about 1 month ago
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#piano#paywall#employment#gigworker#grads#last
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We wrote last week about the societal, academic and economic implications of young Americans scared of AI (" The kids aren't AI-right , Part 1"). Today, we dig deeper into job panic. Young Americans are scared of more than AI. They're downright panicky about finding a job at all. Only 20% of young workers told Gallup in Q4 last year that it's a good time to find a quality job, down from 62% at the pollster's peak for the measure in October 2021. You rarely see mood swings this severe. Why it matters: For 70 years, a bachelor's degree was the most reliable on-ramp to a stable career. That's no longer true. And that's before AI hits entry-level work at scale. This isn't just worried kids succumbing to bad vibes. It's a hard, empirical reality. Let's dig deeper into the numbers, all based on the latest N.Y. Fed data from December: The U.S. unemployment rate is 4.2% β€” near generational lows. For recent college grads ages 22-27, it's 5.6%. That remains close to the widest gap on record.…

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