By Mark Minevich

Imagine a 21 year old today.

They’re staring down their final term at university, preparing to take on the world and build a career. They were made a promise when they started school. Work hard. Dedicate yourself to learning. Earn that degree and the workforce will welcome you with open arms and a steady salary.

The problem? Since that promise was made to them a short 15 years ago the world has changed in a way that not only breaks that promise, it makes it seem foolish and cruel in retrospect.

A recent MIT study reports that 11.7% of the workforce can already be automated. But, the same MIT study states that 97% of companies saw no meaningful productivity gains from AI. The true story? That automation hits entry level jobs first, and those entry level jobs are traditionally held by recent graduates just entering the workforce. Unemployment among the global youth is approx.

© LBC