AI Is Already Taking Jobs From Young US Workers, Fed's Michael Barr Warns
Optimistic
18.0
Artificial intelligence may already be displacing some of America's youngest workers, according to Fed Governor Michael Barr.
Speaking Tuesday at the New York Association for Business Economics, Barr said that AI it is beginning to weigh on entry-level employment in highly exposed occupations such as software development and customer service.
Is AI Already Taking Jobs?
Job creation has been near zero over the past year, labor force growth has stalled and the unemployment rate is hovering around levels many economists associate with long-run equilibrium.
"But it is a delicate balance," Barr warned, noting that such conditions could leave the labor market "especially vulnerable to negative shocks."
The most consequential part of Barr’s speech was about the effects of artificial intelligence
Speaking Tuesday at the New York Association for Business Economics, Barr said that AI it is beginning to weigh on entry-level employment in highly exposed occupations such as software development and customer service.
Is AI Already Taking Jobs?
Job creation has been near zero over the past year, labor force growth has stalled and the unemployment rate is hovering around levels many economists associate with long-run equilibrium.
"But it is a delicate balance," Barr warned, noting that such conditions could leave the labor market "especially vulnerable to negative shocks."
The most consequential part of Barr’s speech was about the effects of artificial intelligence
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This analysis was generated using Pulse AI, Glideslope's proprietary AI engine designed to interpret market sentiment and economic signals. Results are for informational purposes only and do not constitute financial advice.
