AI Presents Challenge for Gen Z Job-Seekers

Recent college graduates are facing a new obstacle in their job search: artificial intelligence (AI). Job postings for entry-level white-collar positions have decreased by 15%, leading to a 30% increase in competition per job, as reported by CBS News. The number of individuals obtaining bachelor’s degrees has risen to nearly 2 million in the 2022-23 academic year. Unemployment among Americans aged 22 to 27 with college degrees is at 5.8%, higher than the national rate of 4%. AI’s role in automation is seen as a contributing factor to the decline in job openings for recent grads. Experts warn that AI’s proficiency in handling repetitive tasks could lead to increased unemployment among young adults in the coming years, with no clear policy solutions in sight. (Newser)