A study out of Stanford finds that early-career workers – ages 22 to 25 – in the most AI-exposed occupations have experienced a 13 percent relative decline in employment, thanks to the rise of generative AI. But things have held steady for more experienced professionals. Is this the beginning of a long-term trend of AI gobbling up jobs? Software development opportunities – once seen as a solid future ticket to higher-level employment for many – have shrunk since 2022. Should younger workers pursue AI development as a career, or focus on other professions while being knowledgeable about AI? We asked Paulo Goes, dean of the Freeman School of Business at Tulane University, about the potential implications of these findings. Younger professionals and recent college graduates “should avoid AI-exposed jobs,” he advised. However, “the good news is that there are plenty of other types of entry-level jobs, which are not affected at the same level.” Tulane’s job-placement data for recent graduates “doesn’t show much difference in employment rates between now, last year or two years ago,” he added. “They are getting jobs in corporations, investment banks, consulting firms, and retail in a variety of functions.” Still, for many roles, AI still isn’t a big part of the picture yet. Tulane’s data “also shows that less than 10% of entry-level job postings require AI skills,” said Goes. “Job candidates are expected to understand AI, demonstrate AI fluency, but not necessarily have AI development skills.” Click here to read insights from Ilia Badeev, Head of Data Science at Trevolution Group.
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