“Millions of young graduates are entering into industries that have little use for their skills, view them as expensive and expendable, and are rapidly phasing out their jobs in favor of artificial intelligence. This emerging crisis for entry-level workers is being fueled in part by rapid advances in AI capabilities. Unemployment for recent college graduates has jumped to an unusually high 5.8% in recent months. While some executives are making a calculated bet on AI systems, there are many risks, for example, the expectation that entry-level jobs are short-lived may lead companies to underinvest in job training, mentorship, and other programs aimed at entry-level workers, leaving those workers unprepared for more senior roles later on.”