We have the most powerful technology in history, and we’re using it to stop hiring young people

From the source

We hold the most powerful technology in human history, and so far corporate America is mostly using it to write marketing copy and cut headcount. Through September, U.S. employers announced 573,195 job cuts. Artificial intelligence was cited in 120,136 of them, more than any other reason this year, according to outplacement firm Challenger, Gray & Christmas. Tech companies alone announced 165,925 cuts, up 54% from the same period last year. To be fair, total announced cuts are down 39% from the first nine months of 2025, and AI was cited in only about 9% of September’s cuts. The bigger effect is on hiring. Using ADP payroll data, Stanford economists Erik Brynjolfsson, Bharat Chandar and Ruyu Chen found that as of June, employment among 22- to 25-year-olds in the most AI-exposed occupations was about 19% below where it would be if it had kept pace with young workers in less-exposed jobs. A year earlier, the gap was 15%. They write that the adjustment works “primarily through reduced…

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