Job prospects for workers aged 22-27 deteriorated sharply in the past year as companies increasingly use AI to automate entry-level roles and shift hiring toward mid-level and older employees, according to New York Fed data and a CEO survey. CEOs reducing junior positions doubled to 43%, while only 17% plan to hire more junior staff, potentially harming long-term workforce development and talent pipeline sustainability.
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Job prospects for workers aged 22-27 deteriorated sharply in the past year as companies increasingly use AI to automate entry-level roles and shift hiring toward mid-level and older employees, according to New York Fed data and a CEO survey. CEOs reducing junior positions doubled to 43%, while only 17% plan to hire more junior staff, potentially harming long-term workforce development and talent pipeline sustainability.