A former Fed economist argues that entry-level white-collar jobs were never about immediate output — they were apprenticeships funded by the productive work of juniors. As AI absorbs that work, firms are hiring fewer juniors, and the pipeline that turns them into senior professi…
AI Is Cutting the Hidden Subsidy That Turned Entry-Level Jobs Into Careers
A former Fed economist argues that entry-level white-collar jobs were never about immediate output — they were apprenticeships funded by the productive work of juniors. As AI absorbs that work, firms are hiring fewer juniors, and the pipeline that turns them into senior professionals is thinning.
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