News Summary

• Stanford researchers say AI is already eating into the labor market.
• The study looked at three years of payroll records on millions of US workers at tens of thousands of businesses.
• It found a dramatic decline in employment for entry-level knowledge workers aged 22 to 25 years old.
• It suggests that AI may actually be cutting into early-career roles that traditionally served as a training ground for longer-term careers.
• But wages across all ages and compensation have been stagnant since 2022, the study found.