AI disproportionately affects young job seekers in US – study
Doors harder to open for new entrants to labour market, says Cleveland Fed research
Artificial intelligence has led to higher unemployment in “exposed” professions in the US, according to new research from the Federal Reserve Bank of Cleveland. However, this is the result not of layoffs but of a “no hire, no fire” labour market that disproportionately affects younger workers seeking entry-level professions.
The study looks at labour market flows across 20 occupational groups ranked by their exposure to AI. The authors, Alexander Cline and Barış Kaymak, look at three factors
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