AI is Killing Entry-Level Jobs: The 13% Drop Nobody is Talking About

Yesterday, Bank of Canada governor Tiff Mackem warned that early evidence shows AI is reducing the number of entry-level jobs available. Are we heading toward a future of mass unemployment, or is AI just the latest "calculator" to change how we work? Cara Stern and Mike Moffatt dive deep into the data behind AI's impact on demographics and the workforce.While Mike leans into historical optimism, Cara brings the receipts: a recent Stanford study showing a 13% drop in employment for young workers in AI-exposed fields since the release of ChatGPT. We explore which jobs are "AI-proof," why Gen X seems to be winning (again), and what policy changes could help young people get a foot in the door.Chapters:00:00 Introduction00:29 Why Mike is unconcerned about AI taking his job01:30 Why Cara is worried about AI02:21 Young works AI exposed jobs see 13% drop03:52 Examining AI exposed occupations04:30 How AI impacts different cohorts of workers06:12 Understanding the impact of AI on wages06:54  Being well rounded is the best protection08:16 Trades, healthcare and education will continue to be in demand09:20 Mike shares a story from the olden times10:00 Mike’s take on going into the trades11:20 Mike on wages12:18 Focus on developing skills13:17 The role of policymakers and solutionsResearch/links:Canaries in the Coal Mine? Six Facts about the Recent Employment Effects of Artificial IntelligenceYouth in Canada will need help gaining experience in the AI eraNo to being young again; The struggles of Canadian youth employment - CIBC Capital MarketsCanada must pioneer AI adoption that creates job opportunities: Ryan Khurana in Canadian Affairs | Macdonald-Laurier InstituteCanaries in the Coal Mine? Six Facts about the Recent Employment Effects of Artificial IntelligenceYouth in Canada will need help gaining experience in the AI eraNo to being young again; The struggles of Canadian youth employment - CIBC Capital MarketsCanada must pioneer AI adoption that creates job opportunities: Ryan Khurana in Canadian Affairs | Macdonald-Laurier InstituteHosted by Mike Moffatt & Cara Stern & Sabrina MaddeauxProduced by Meredith MartinFunded by the Neptis Foundation https://neptis.org/