The bottom rung. The danger isn’t the lost jobs. It’s the layer that made the seniors.
Entry-level job postings in the US have declined sharply, but the deeper concern is the loss of the apprenticeship layer that trains future senior workers, risking long-term skill shortages.
The labor share. Is value really moving from labor to capital? The data isn’t on anyone’s side yet.
Recent data shows a stable overall labor share over 70 years, but early signals suggest possible shifts at the margins due to AI. The debate remains unresolved.