Reality of AI’s impact on employment clashes with C-suite optimism

Reality of AI’s impact on employment clashes with C-suite optimism

0.38%TRX$0.3185 0.19%BCH$438.49 1.04%DOGE$0.09275 0.73%XLM$0.1546 0.59%ETH$2,250 1.13%BNB$605.95 0.36%SOL$84.71 0.52%HYPE$41.88 0.21%XMR$338.85 1.21%XRP$1.34 0.13%ADA$0.2482 2.47%BTC$72,875 0.55%USD Written by Aaron Wood,Staff WriterReviewed by Ailsa Sherrington,Staff EditorReality of AI’s impact on employment clashes with C-suite optimism3 hours agoWhile some proponents believe AI will bring about an employment boom, so far its effect has been to dampen entry-level hiring while delivering mixed results on productivity. In March, the US jobs market recorded 178,000 new jobs, marking little change from the month before, according to the Bureau of Labor Statistics. The anemic growth in job listings comes amid volatile policy swings from the White House, increased energy prices due to the US and Israel’s war with Iran and, according to recent research, AI disruptions to the labor market. Pr

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