Why Gen-Z cannot find a job anymore

Money & Macro · 2025-12-02 · 17 min
https://www.youtube.com/watch?v=2MfQ2KCIUWoVideo summary
AI is shrinking entry-level hiring, while Trump’s tariff uncertainty and the end of Covid stimulus weaken job markets.
Young people say finding work has become painfully difficult, and the data backs up a slowdown: US unemployment rose from 3.5% in 2022 to 4.3%, while new job postings fell across the US, UK and Germany. Studies find AI is reducing opportunities for early-career software developers, customer-service workers, writers and designers, even as demand grows for machine-learning engineers. But AI is only part of the story. Trump’s unpredictable tariffs have increased policy uncertainty and delayed business hiring; Germany’s manufacturing sector could shrink 2.8%, with autos and pharmaceuticals hit hardest. The longer view points to a broader return to normal after Covid-era stimulus and ultra-low interest rates helped drive exceptionally low unemployment. The presenter expects AI-related losses and geopolitical uncertainty to keep pressure on hiring, with little chance of another large stimulus soon.
Chapters
- 0:00Intro: 647 job applications and an AI interview frame Gen Z’s job-market fears
- 1:33Is it actually true? US unemployment rose to 4.3%, while youth trends vary
- 3:22AI’s real impact on the job market: ChatGPT cuts exposed entry-level work as Machine Learning Engineer roles grow
- 9:53Advertising sponsor Cape
- 10:54Massive policy uncertainty: Trump’s tariff swings and a 2.8% German manufacturing risk
- 14:22The unwinding of the Covid economy: stimulus and low rates gave way to fewer jobs
- 15:51Conclusion: post-Covid normalization, AI losses, and high debt point to a slow recovery
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Preview of the first chapter · Intro: 647 job applications and an AI interview frame Gen Z’s job-market fears
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