AI didn't cause the tech jobs bust, but it explains why there's no recovery
What happened
Interest rate hikes in early 2022 triggered the decline in tech job postings, and after ChatGPT launched in November 2022 the recovery stalled as employers posted more jobs but hired fewer people, especially favoring senior roles with AI skills. Young and entry‑level workers bear the brunt, seeing higher unemployment while senior positions absorb most of the rebound.
Why it matters
The shift toward AI‑focused senior hires deepens youth unemployment in tech, highlighting a growing skills gap and the need for policies or training that help younger workers adapt to AI‑driven demands.
Is this a big deal?
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