Entry-level work didn’t disappear, PwC finds with ‘seniorization.’ It just morphed into something young workers can’t get
Fortune – Tech
fortune.com
Summary
We’ve all heard the debate about AI and jobs: An apocalypse is coming, there are only 18 months left to save white-collar work, no job will be unchanged. A new PwC analysis of more than 1 billion job postings reveals a more precise and, for young workers, more troubling transformation: AI isn’t eliminating the entry-level job. This is the mechanism behind a labor market anomaly Fortune has tracked for the past year. A Harvard working paper that analyzed 62 million workers found junior hiring fell nearly 8% within six quarters at companies that adopted AI—not through layoffs, but through a quiet freeze on new positions. They are redesigning workflows, rethinking decisions and embedding AI into how work gets done.” But the headline figure masks a compositional question the barometer can’t fully answer: Hiring more, yes—but hiring whom? People who, historically, didn’t show up for their first interview. That’s a paradox for the Gen Z job seeker—and the schools and internships training them. Job posting growth since 2012 has been significantly faster in less AI-exposed occupations than in highly exposed ones. The entry-level job hasn’t been killed. It’s been promoted—and the promotion happened without notice, without a training program and without the policy framewo
From the source
We’ve all heard the debate about AI and jobs: An apocalypse is coming, there are only 18 months left to save white-collar work, no job will be unchanged. Former White House AI czar David Sacks , shortly before he resigned in a dispute over policy, argued doomsday predictions from figures such as Dario Amodei and Sam Altman had been a “ damage to public trust .” Amodei and Altman have walked back their predictions of late, Fortune was among the first to note , but the fear and angst remain among Gen Z job seekers. Meanwhile, the entry-level career ladder has started showing real cracks, with experts such as Stanford’s Erik Brynjolfsson arguing for clear signs in the data of disruption in AI-exposed occupations, even as the wider macro picture has shown that the earthquake isn’t here, yet. A new PwC analysis of more than 1 billion job postings reveals a more precise and, for young workers, more troubling transformation: AI isn’t eliminating the entry-level job. It’s turning it into somet
Read the full article
Published by Fortune – Tech on fortune.com
