Welcome to the ‘Jobless Growth’ Economy

The article "Welcome to the 'Jobless Growth' Economy" discusses the impact of automation and artificial intelligence (AI) on the job market. It highlights how companies are increasingly relying on AI and automation to streamline operations, leading to a decline in entry-level job opportunities. The article suggests that this trend, known as "jobless growth," is creating a divide in the labor market. While high-skilled, well-paid positions remain in demand, entry-level and low-skilled jobs are becoming scarce. This shift is affecting young people and those without advanced degrees, making it more challenging for them to find employment and gain the necessary experience to advance their careers. The article emphasizes the need for policymakers and educational institutions to adapt to these changes and ensure that workers are equipped with the skills and knowledge required to thrive in the evolving job market. It also raises concerns about the long-term social and economic implications of this "jobless growth" phenomenon.