"“What this new graduate brings is a digitally native way to do problem-solving that many of us don't understand,” Marks told Business Insider earlier this week. “They have a value proposition.” Many of today's college grads started school just as tools like ChatGPT were taking off, and they've earned their degrees as AI quickly spread into classrooms and workplaces. Their comfort with new technology could give them a real advantage in the current job market, according to Marks."
"“Day one, they're going to adopt technology quicker than we ever did, and they are going to make a difference,” Marks said. Marks runs Otis, a company worth about $28 billion that employs 72,000 people, giving her a front-row view of how large employers are navigating AI and economic change. Overseeing an organization of that size means she sees firsthand which skills help workers adapt."
"The research, however, paints a bleak picture for hiring today. In the U.S., postings for entry-level jobs have fallen by 35% in the past 18 months, and researchers say AI is a major reason as companies automate routine tasks and restructure junior roles. One analysis published in November by Stanford University found that young workers in AI-exposed jobs, such as entry-level coding and research roles, have seen employment drop by about 13% since late 2022."
Judy Marks, CEO of Otis, says college seniors entering the workforce face a difficult hiring environment as AI automates routine tasks and reduces entry-level roles. She links this to a decline in entry-level job postings and employment impacts for young workers in AI-exposed roles. Marks argues that new graduates have an advantage because they are digitally native and solve problems using technology in ways many older workers may not fully understand. She says they adopt technology quicker than previous generations and can make a difference from day one. She also notes that leading a large employer provides insight into which skills help workers adapt to economic and AI change.
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