Do Job Postings Show Early Labor‑Market Effects of AI?(libertystreeteconomics.newyorkfed.org)
4 pointsby wslh8 hours ago1 comment
  • bediger40004 hours ago
    "...since the release of ChatGPT in late 2022. We find that, while overall hiring has slowed since then, the evidence from job postings provides little indication of a distinct AI-driven decline in labor demand."

    So who's lying? The CEOs blaming layoffs on "AI", the New York Fed, the unwashed masses of job posters, or...?

    • alexavilov3 hours ago
      tech companies often run in cycles from over-spend to cutting back. unfortunately it looks like we are in the cutting back stage now. some CEOs may use lame excuse that AI did it, but that probably was their own overly optimistic growth estimates which they couldn't deliver