Blake Lawit, LinkedIn’s Chief Global Affairs and Legal Officer, stated at Semafor’s World Economy summit that LinkedIn data shows hiring has dropped by about 20% since 2022. However, he dismissed AI as the cause. Lawit explained that LinkedIn’s economic graph, with over a billion members, provides a real-time picture of the labor market, and they haven’t observed AI impacting jobs currently. He linked the hiring decline to increased interest rates instead. Lawit further mentioned that sectors expected to be affected by AI, like customer support, administration, and marketing, haven’t shown such impacts. Although hiring is down, it’s not significantly lower, including for young adults entering their first jobs compared to more experienced workers. The potential for future change remains, but hasn’t occurred yet. Lawit warned that job skills have evolved by 25% over past years, and with AI’s rise, LinkedIn anticipates a 70% change by 2030, meaning jobs are changing even if one is not switching roles.
LinkedIn Data Reveals AI Isn’t Responsible for the Hiring Decline… Yet
1 Min Read