While artificial intelligence is contributing to a slowdown in hiring for junior positions, younger workers are historically better equipped to adapt to new technologies. Studies show a decline in employment for young workers in AI-exposed fields like software engineering and customer service. However, this impact isn't uniform, with roles focused on augmenting human labour remaining stable or growing. Experts suggest that younger generations, who are integrating AI into their education, are well-positioned to leverage these tools effectively.
Industries are primarily utilising AI for automation rather than augmenting human capabilities, raising concerns about job displacement. Nevertheless, AI also presents opportunities for economic growth and the creation of new jobs by increasing productivity and enabling the development of innovative products and services. Some businesses are investing in retraining staff to use AI, while others are increasing hiring.
Ultimately, the long-term effects of AI on the job market remain uncertain, but younger workers' adaptability and willingness to learn new technologies may give them an edge in the evolving AI economy. The key will be for workers to develop strong traditional knowledge, which is essential to using AI to its full potential.
