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choilive 6 days ago

I had the same thoughts, there are clearly indicators that the weakness in the labor market started happening before LLMs and AI took over popular discourse.

All the more reason to believe that while correlated, LLMs are certainly not the largest contributor, or even the cause of the job market weakness for young people. The more likely and simple explanation is that there are cracks forming in the economy not just in the US but globally; youth employment is struggling virtually everywhere. Can only speculate on the reasons, but delayed effects from questionable monetary and fiscal policy choices, increasing wealth gaps, tariffs, geopolitics, etc. have certainly not helped.

0xDEAFBEAD 6 days ago | parent [-]

>youth employment is struggling virtually everywhere.

Interesting point. With Baby Boomers retiring everywhere and fertility falling everywhere, one would expect fierce competition for young workers.

lisbbb 5 days ago | parent [-]

The Boomers are largely gone now from tech. One former manager of mine was 65 when I left, she retired a year later at 66, gone. Unfortunately, most of the roles those people held were not back-filled. The roles vanished, too.

Anecdata: I spent quite a bit of time driving around office parks in Eagan, MN. Most of them are dead--really, really dead. Vacant offices everywhere, the hotel that used to cater to business travelers is shuttered and the parking lot looks like a jungle. I can't peg exactly when all this took place because I haven't worked in that area in several years, but probably the effects of 2020, the remote work culture, and now the layoff hangover. I see a lot of people in their 50s and 60s working retail jobs right now. They often look like folks who would have been working in an office someplace.