Ever since ChatGPT burst onto the scene in November 2022, predictions of an AI-fueled jobs apocalypse have dominated headlines—some studies blame the technology for drying up entry-level roles , while others warn it will eventually replace all of us.
Especially alarming to many has been AI’s effect on entry-level jobs. A blockbuster Stanford study in August was especially rattling, as it claimed to find a “significant and disproportionate impact” on entry-level jobs most exposed to AI automation—like software development and customer service—have seen steep relative declines in employment. This came out close to the MIT study that said 95% of generative AI pilots were failing and the somewhat sudden realization that AI could be building toward a bubble . Even Federal Reserve Chai