Podcast: A deep dive into the administrative state

We’re failing young Americans. Many of them are struggling to find work. Unemployment among 16- to 24-year-olds topped 10.5% in August. Even among those who do find a job, many of them are settling for lower-paying roles. More than 50% of college grads are underemployed. To make matters worse, the path forward to a more stable, lucrative career is seemingly up in the air. High school grads in their twenties find jobs at nearly the same rate as those with four-year degrees.

We have two options: blame or build. The first involves blaming AI, as if this new technology is entirely to blame for the current economic malaise facing Gen Z. This course of action involves slowing or even stopping AI adoption. For example, there’s so-called robot taxes. The thinking goes that by placing financial penalties on firms that lean into AI, there will be more roles left to Gen Z and workers in general. Then there’s the idea of banning or limiting the use of AI in hiring and firing decisions. Applicants who have struggled to find work suggest that increased use of AI may be partially at fault. Others have called for providing workers with a greater say in whether and to what extent their firm uses AI. This may help firms find ways to integrate AI in a way that augments workers rather than replace them.