{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/659557afc7c0640016f29135/69fadf09a6ade25592457fb6?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"AI cut 16,000 U.S. jobs a month — what the Goldman Sachs report actually says","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/659557afc7c0640016f29135/1778048489358-8904a4c0-5b08-4fd2-a001-620226923a07.jpeg?height=200","description":"<p><strong>Key insight:</strong> Premium is growing, not shrinking, as demand outpaces supply</p><h3>Jevons Paradox</h3><p><strong>Definition:</strong> Increased efficiency often raises total consumption because lower per-unit costs expand demand faster than efficiency reduces use.</p><p><strong>Applied to AI:</strong></p><ul><li>AI makes workers 2x productive → firm needs fewer workers per task</li><li>But lower costs → more demand → potentially more workers in net</li></ul><p><strong>Current data:</strong></p><ul><li>Augmentation roles: Jevons paradox is working (net +9,000 jobs/month)</li><li>Substitution roles: Not working (companies taking cost savings, not expanding service)</li></ul><h3>The Apprenticeship Crisis</h3><p><strong>Problem:</strong> Junior roles serve two purposes:</p><ol><li>Get work done</li><li>Train next generation of seniors</li></ol><p><strong>If AI does #1, who gets #2?</strong></p><p><strong>Evidence:</strong></p><ul><li>Major law firms reduced associate hiring 25-40% since 2024</li><li>Partners report higher margins</li><li>Question: Who becomes partner in 2036?</li></ul><p><br></p>","author_name":"Danar Mustafa"}