Is AI Primarily Being Used to Cut Hiring for Young Workers?

A Stanford study based on ADP payroll data reveals that in roles most heavily exposed to AI, employment for 22- to 25-year-olds was roughly 19% lower than expected, with companies adjusting primarily by curbing entry-level hiring rather than through layoffs. Meanwhile, 120,136 announced layoffs in the U.S. over the first nine months of the year were attributed to AI, and rapidly expanding data centers drove roughly 63% of electricity price hikes in regional grids such as PJM, further compounding household living costs.