Is ZIRP, not AI, driving youth unemployment? Rob LeClerc challenges the narrative
robleclerc · x · 2026-10-04
Azeem cites two studies: Harvard economists found junior hiring at AI-adopting firms down 22% since early 2023 (285,000 firms, 62M workers), while ADP data shows 22-25-year-olds in AI-exposed jobs down 6%. Rob LeClerc offers a contrarian take: the divergence coincides with the end of ZIRP, long before AI was widely deployed — youth unemployment may be a rates story, with AI actually propping up overall employment.
More from AGI Musings
- Decades of art hating knowledge work — now people are furious it's ending — Aryvyo · 2026-10-04
- Aave DAO can't own its trademark, so Aave Labs proposes a memberless Cayman foundation — LexSokolin · 2026-10-04
- When most products are $200 away from being recreated, how do startups even survive? — Aryvyo · 2026-10-04
- Engineer pushes back on the Platonic Representation Hypothesis hype — gerardsans · 2026-10-04
- AI researcher blasts labs: a decade after "Attention Is All You Need", basics still unlearned — gerardsans · 2026-10-04
- Users say AI demos fix rare problems while real agents shine at everyday chores — koltregaskes · 2026-10-04