flâneur

Young People Can't Get Jobs. Now What?

stateofthefuture.substack.com · 2,128 words · saved by 1 readers

Welcome. I’ve become fixated on the coming crisis of youth unemployment. I think you should care. DM me or email lawrence@lunar.vc. share with anyone you think will care. Cheers. Look, the jobs are already gone. This isn't a future problem, it's a today problem. Life comes at you fast, but here we are. 70% of hiring managers say AI can already replace an intern. 78% plan to cut or eliminate graduate hiring altogether…. Entry-level roles across the economy are going away, fast. Junior lawyers, accountants, bankers, data analysts. Any task that is digital, routine, and legible to AI will go, and soon. Youth unemployment is going to spike, and unless we do something urgently we will have lost a generation of talent and millions of disillusioned young people with no stake in society. AI agents are improving at an astonishing pace. Just nine months ago, the best systems could only complete about 1 in 5 computer-based tasks from start to finish. Today, GPT-4o gets through nearly 4 in 10. On

Welcome. I’ve become fixated on the coming crisis of youth unemployment. I think you should care. DM me or email lawrence@lunar.vc. share with anyone you think will care. Cheers. Look, the jobs are already gone. This isn't a future problem, it's a today problem. Life comes at you fast, but here we are. 70% of hiring managers say AI can already replace an intern. 78% plan to cut or eliminate graduate hiring altogether…. Entry-level roles across the economy are going away, fast. Junior lawyers, accountants, bankers, data analysts. Any task that is digital, routine, and legible to AI will go,…

related reading