Users dismiss AI as the cause of junior banking job losses, seeing it as superficial rebranding of ordinary macroeconomic factors.
Seniors are on average more useful with AI than juniors, esp at the tail end. But at the median (i.e. most non technical white collar jobs), juniors are IMO more likely to natively use AI. So on a relative basis, net increase of usefulness for juniors is higher than seniors.
I think a lot of this is just the usual macroeconomic factors except slapping AI on to make it sound like the company is doing better and like, future-forward or whatever. At the frontier of AI, average hires are quite young (for now).
@menhguin https://www.ft.com/content/2205e2d0-50dc-4e80-9bf7-78d0272276c0?syn-25a6b1a6=1