Labor market
Source reports covering Labor market. Stories will appear when analysis and community reactions are ready.
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Source reports
Where is the AI jobs crisis?
opinion
2 min read
The AI jobs crisis is characterized by a paradox of increasing demand for AI skills and a shortage of qualified candidates. Despite significant advancements in AI technology, many industries struggle to fill positions that require expertise in AI and machine learning.
America Lost the Mandate of Heaven
opinion
5 min read
Labor unions have been sidelined in the U.S., leading to outsourcing of jobs to countries like Taiwan, Vietnam, and Mexico. This shift has resulted in a decline of $25/hour jobs with benefits in America.
ATMs didn't kill bank Teller jobs, but the iPhone did
opinion
21 min read
ATMs did not significantly reduce bank teller jobs, while the introduction of the iPhone had a more profound impact on employment in the banking sector. The replacement of labor involves more complex factors than mere task automation.
Labor market impacts of AI: A new measure and early evidence
research
20 min read
A new measure of AI displacement risk, termed observed exposure, combines theoretical LLM capability with real-world usage data, emphasizing automated work-related uses. Occupations with higher observed exposure are projected to experience slower growth through 2034, with workers in these professions more likely to face displacement.
Fed's Cook says AI triggering big changes, sees possible unemployment rise
news
2 min read
Federal Reserve Governor Lisa Cook stated that artificial intelligence is causing a significant shift in the U.S. labor market, potentially leading to a rise in unemployment that may not be mitigated by lower interest rates. She described this moment as the most substantial reorganization of work in generations.