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Podcast: Cornering The Job Market
Episode: Breaking Job News: AI Is Making Some Workers Rich And Others Replaceable
Description: The labor market just sent a mixed signal, and it’s one we can’t ignore.In today’s episode of Cornering the Job Market, host Pete Newsome breaks down new research from the Federal Reserve Bank of Dallas showing that while AI-exposed industries are seeing fewer jobs overall, wages for experienced professionals are rising sharply. In computer systems design, pay has jumped more than double the national rate since 2022, even as employment declined.The pattern is clear: AI is substituting entry-level work while amplifying experienced workers. Economists call it the “experience premium.” In simple terms, AI...