The article discusses the impact of automation and AI on the job market, particularly focusing on the employment trends of recent graduates in AI-affected fields such as software engineering. A Stanford University paper suggests that employment is declining among young workers, indicating AI might be replacing human jobs. However, contrary interpretations highlight that experienced workers are increasingly valued, as businesses prioritize skilled talent in response to AI's augmentative role. The text notes that while automation through technology like ATMs did not eliminate bank teller jobs initially, the rise of online banking altered that scenario. Currently, jobs for entry-level positions may diminish if companies prioritize experienced hires. The discussion culminates in contrasting views on AI's potential: it could either massively replace jobs or augment productivity, leading to a higher demand for skilled labor. Data indicates the unemployment rate for college graduates remains stable despite rising fears about job displacement.

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