Artificial intelligence does not kill jobs, Trump is

The American economy is in a state of turmoil, which is thrown into chaos and uncertainty through something that is not mainly the way companies work and employ them. No, not artificial intelligence. In fact, new research from Yale’s budget laboratory indicates that artificial intelligence was no more influential on economic opportunities than previous technological breakthroughs, although fears that they will replace millions of workers overnight. Instead, it is at least at the present time, it is the Trump administration policies that seem to cost people the most economic opportunities.

While a lot of confusion has been presented about the capabilities of artificial intelligence since the ChatGPT version in November 2022, there is not much evidence that technology puts people out of work. According to Yale’s budget laboratory, A study of the labor market over the past 33 months A little evidence is that artificial intelligence automation prompted people to collect jobs collectively, or even changed the demand for cognitive workers throughout the economy.

This does not mean that artificial intelligence does not affect the labor market. Yale’s researchers have found that artificial intelligence tools lead to a faster change in the “professional mix” – mainly, the type of work that people do – more than previous technologies such as the introduction of computers or the Internet. So people may change jobs or how they do more quickly because of artificial intelligence, but they do not see less work because of this, yet. But even this change does not happen at an unprecedented pace – hardly occurs at a faster rate than the study control mark, the labor market for the year 2016.

When asked about the impact of artificial intelligence on the labor market, Cenathia Mays, director of job services at the College of Business Administration at Iowa Tipi University, Gismino, told a lot of noise, there is no real impact yet. Instead of expanding strongly, it takes a conservative approach in the number of appointments, which slows down not only employment but also in the recruitment process. “

It also negatively affects job seekers, who are stuck in a course of wheel and waiting with employers who are eager to work, but are made through slower recruitment. “The employers tell us that they want multiple contact points with the candidates, such as (A), a virtual exhibition, a virtual session, and perhaps a media conversation with the current employees before moving forward.” “I think it is worth noting that this is frustrating and stressful for job candidates.”

While artificial intelligence does not kill jobs, jobs are killed. ADP, in cooperation with the Stanford Digital Economy Laboratory, found that employers in the private sector in America reduced 3000 jobs in August, a declining review of 54,000 additions The initial report was found– It is a number that has already suggested a stagnant labor market before it turns into negative. Early numbers in September are worse, Show Loss of 32,000 roles.

Challenger, Gray and Christmas Recently released data This showed that companies throughout the economy announced 117,313 new jobs in September, a decrease of 71 % from the period of time last year and the worst September at all since 2011. The year until now, the company has only witnessed 205,000 new jobs added through employers in the United States, which is the weakest period from the year to 2009, when the country was in the midst of the financial crisis resulting from the collection of the housing market. In addition, the company has found that employers have announced (but it has not necessarily implemented) plans to reduce 946,426 jobs since January. This is the highest ever since the epidemic in 2020.

“It is very likely that the job reduction plans will exceed one million for the first time since 2020 and for the ninth time in our series. Previous periods with these many cuts in jobs occurred either during the recession or, as was the case in 2005 and 2006, during the first wave of automation that costs jobs in manufacturing and technology.” statement.

Once again, the cause of these losses is not Amnesty International. Challenger data shows that automation and artificial intelligence implementation are responsible for about 20,000 jobs to date so far this year. In contrast, the largest contributors can be almost directly connected to the Trump administration. The company found “DOGE procedures”, including direct discounts for employment in government agencies, as well as the loss of financing for non -profit and research organizations, caused nearly 300,000 planning workers ’planning.

It is clear that the Trump administration does not appreciate government work, as is evident from the fact that it and its administration members have clarified Permanent threat Demolition of workers in the midst of the continuous government closure. But his policies not only hurt federal employees, but they also do tanks for the private sector. Challenger data shows conditions in the market and the economy, including inflation and tariff definitions, the second most martyred cause of workforce discounts, the cause of nearly 210,000 jobs so far.

Even in the industries that the Trump administration states, raising its policies of punishing the customs tariff for foreign industrialization, the results are red. Data from the work statistics office It appears that the manufacturing sector has lost 42,000 jobs in total since the announcement of Trump’s “Liberation Day” on April 2, and the industry is witnessing worse than it was in 2024.

Trump also promised that his group campaign and the campaign against migrant workers, which led inhuman The illegal treatment of migrants is likely to create more job opportunities and higher wages for Americans. Nothing like that has been achieved. For the first time since 2021, there is More people are looking for more work than available jobs In the country, according to the last work office Job openings and work circulation. Wage growth has also slowed for low wage workers throughout the country since Trump took office, According to ADP dataWhile senior papers continue to see their wages grow, which leads to the widening gap.

What happened, though, is to increase the level of uncertainty among employers who strongly need skilled employment. The Trump administration’s new policy requires people who request a H1-B visa (which allows foreign workers in specialized professions in the United States) to pay $ 100,000 fees Giving employers already a temporary stop. “Another field that attracts his attention is international employment, especially the H-1B process. I have always carried uncertainty for employers, but today this risk feels amplified in industries such as health care and technology, where talent deficiency is real.”

Although wage growth did not come from the people who need it more, the cost of living climbs – more than that, directly as a result of Trump’s policies. the Michigan University projects Inflation will reach 4.7 % in the next year, and the Economic Analysis Office shows that consumer prices rise, An increase of 2.7 % during the past year. The cost of living increases while the wages are stagnant and the opportunities are shrinking. All this is closely related to the Trump administration’s economic agenda.

If there is one economic impact on the fact that artificial intelligence is worth monitoring, then this is the possibility that all spending in this sector is prevented from falling from the economy. Last month, Many analystsIt includes George Saravilus from Deutsche BankHe suggested that the country already be in a stagnation if not the spending associated with the artificial intelligence industry It is unlikely to produce the necessary returns To justify all the money poured into data centers and other projects.

No wonder Trump seems to love artificial intelligence. It can generate an artificial healthy economy. Do not expect that hallucinations to continue.