The data about new grads not being hired isn't lying, but if AI is to blame we should be seeing a flood of data and stories on how roles X, Y and Z were obliterated by AI. But I have yet to see a single solid example, so I find it hard to believe it's a massive shift.
If anything, I would expect AI to be replacing older, expensive workers with young, tech-savvy workers who can put the AI to use. But that is clearly not the case.
> The New York Fed blog noted that the modest impact on jobs so far may not hold in the future. "Looking ahead, firms anticipate more significant layoffs and scaled-back hiring as they continue to integrate AI into their operations," New York Fed researchers wrote.
The "AI revolution" seems as a cover story for covid related job cuts and likely includes losses stemming from over investing in AI supplements.
But regardless, real business data is nigh impossible to penetrate because private business is now a first class citizens and the rest of us are at it's mercies.
I agree with you in a general sense though.