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AI cuts jobs for new grads
An analysis by Germany’s Ifo Institute found that the growing use of artificial intelligence is linked to fewer job opportunities for recent graduates, though no widespread layoffs have been observed so far. Since 2022, the number of full-time workers aged 20 to 24 in occupations most exposed to the technology has fallen by 14%, from about 279,000 to 239,000. By contrast, employment in the most exposed occupations overall rose by 1.8%, while it declined by 6.4% in the least exposed occupations—reflecting the technology’s differing effects through task automation and higher worker productivity. The researchers cautioned against viewing AI as the sole cause of these changes, pointing to other possible factors, including demographic shifts and the length of vocational training.
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