, and Ruyu Chen used ADP payroll data across tens of thousands of firms to rule out obvious alternatives: pre-AI trends, Covid-19, education gaps, and firm or industry shocks. The most likely explanation is AI.![\"\"](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/08\/https:\/\/substack-post-media.s3.amazonaws.com\/public\/images\/0b7af62b-9645-4705-bc13-a9b1d37fcd62_1284.png\")
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\u201cI became a member when I started work on a project that needed combination of technical skills, wide vision, common sense and integrity. It is more efficient for me to rely on one main source for AI and you are the best.\u201d \u2013 Johnny, a paying member<\/p>\n
Hi all,<\/p>\n
Welcome to our Sunday edition, where we explore the latest developments, ideas, and questions shaping the exponential economy, including:<\/p>\n
How PwC\u2019s 32% junior hiring cut reveals AI’s workplace revolution <\/p>\n
DeepSeek\u2019s clever workaround to build sovereign Chinese AI <\/p>\n
Africa\u2019s silent solar boom <\/p>\n
and fifteen other morsels\u2026<\/p>\n
Enjoy the weekend reading!<\/p>\n
Azeem<\/p>\n
We now have stronger evidence that AI is biting into youth employment. Since late 2022, early-career workers have seen employment fall by 13%<\/a> compared to older cohorts in the same roles, whose employment grew by 6\u20139%. The decline in employment for the youngest workers shows up only where AI automates rather than augments work. It isn\u2019t causal proof, but <\/p>\n , and Ruyu Chen used ADP payroll data across tens of thousands of firms to rule out obvious alternatives: pre-AI trends, Covid-19, education gaps, and firm or industry shocks. The most likely explanation is AI.<\/a><\/p>\n