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American employers announced
four hundred seventy-seven

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thousand job cuts in seven months,

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and for five straight
months the reason cited

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most often was artificial intelligence.

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But artificial intelligence was named
in only about a quarter of those cuts,

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so the headline number is measuring
something other than what everyone fears.

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One tracker has logged one
hundred twelve thousand

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cuts blamed on artificial
intelligence this year,

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already double what it recorded
across all of last year.

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Oracle told regulators that

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deploying artificial
intelligence across its

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operations helped shrink its workforce

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from one hundred sixty-two thousand
people to one hundred forty-one thousand.

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Yet the tracker shows hiring plans
up twenty-five percent this year,

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so companies are not simply shrinking,

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they are rebuilding themselves
around a different shape.

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Globally the picture is worse,

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with sixty-seven million young
people unemployed last year and

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the youth jobless rate climbing
back to twelve point four percent.

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In America,

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recent college graduates
now face higher unemployment

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than the workforce as a whole,

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an inversion that had
not happened in decades.

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Stanford economists tracking four point
six million workers found twenty-two

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to twenty-five year olds
in exposed jobs shrinking while

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the same age group elsewhere grew.

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The Labour Organization
measures just six point one

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percent of young people's
jobs as highly exposed,

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but that sliver sits
exactly at the entrance.

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Then Harvard researchers checked two
hundred eighty-five thousand firms and

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found junior roles were not being cut,
they were simply never being posted.

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Senior headcount held steady,

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so the loss shows up nowhere
in the layoff counts,

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because a job that never
existed cannot be announced.

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So the question was never who
gets cut, it is who gets to start,

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and that decision is being
made by no one in particular.