How AI is Transforming Entry-Level Jobs: Insights from a University of St. Thomas Economist

Unemployment in the U.S. is hovering around 4%. Economist Tyler Schipper from the University of St. Thomas shared with 5 EYEWITNESS NEWS that job growth might remain steady or dip slightly as we approach the last quarter of the year.

Schipper highlighted a recent Stanford University study revealing that artificial intelligence has cut entry-level jobs by about 13% over the last few years. This shift makes it tougher for new graduates and anyone seeking their first job.

“Many middle managers now rely on tools like ChatGPT. Instead of needing a team for tasks like market research, they can just ask AI to generate reports,” Schipper explained. As a result, fewer research assistants are needed compared to the past.

Looking ahead, Schipper advises new job seekers to be patient as they navigate the current job market.

On a brighter note, he mentioned that overall earnings are better than anticipated, and many people have more buying power than they did in recent years. This is particularly encouraging as we face economic changes.

In recent discussions online, many job seekers are expressing their concerns about finding work, especially in light of AI’s rising influence. Platforms like LinkedIn and Twitter showcase these sentiments, as users share tips and experiences navigating this new landscape.

As we consider these developments, it’s valuable to remember that while automation is changing the job market, it’s also creating new opportunities. Understanding tech trends and may help job seekers pivot effectively.

For more insights on job trends, you can check the report from the Bureau of Labor Statistics on [employment trends](https://www.bls.gov/news.release/empsit.nr0.htm).

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AI,Economy,Jay Kolls,Jobs,University of St. Thomas