CESifo study finds no evidence AI has significantly hurt employment for recent graduates
AI was supposed to hit new grads hard. So far, unemployment data says otherwise.
What happened
CESifo Munich economists Robert Fairlie and Jane Wu published a working paper saying there is “no evidence of any significant, widespread displacement or reduction in hiring of recent college graduates.” The finding conflicts with a Stanford study last month that found entry-level employment in “AI-exposed” occupations lagging substantially behind other fields. The researchers suggest employers may respond to AI taking over standardized entry-level tasks by hiring fewer people before resorting to layoffs.
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