In reality, it's likely several factors:
- Offshoring/outsourcing
- Businesses running out of ZIRP cash/returns
- Software replacing a lot of "paper" jobs (AI being a sliver of this)
- Older people needing and not vacating jobs like past generations
- Higher CoL expenses meaning lower-paying jobs that would/could be occupied by a recent graduate aren't.
- General market sentiment being cautious/conservative due to the whiplash of the last 17 years.
As with most things, it's not one convenient scapegoat, it's many problems compounding into one big clusterf*ck.
[1] https://archive.ph/8Zda3
In reality, it's likely several factors:
- Offshoring/outsourcing
- Businesses running out of ZIRP cash/returns
- Software replacing a lot of "paper" jobs (AI being a sliver of this)
- Older people needing and not vacating jobs like past generations
- Higher CoL expenses meaning lower-paying jobs that would/could be occupied by a recent graduate aren't.
- General market sentiment being cautious/conservative due to the whiplash of the last 17 years.
As with most things, it's not one convenient scapegoat, it's many problems compounding into one big clusterf*ck.
[1] https://archive.ph/8Zda3