A Harvard working paper tracking 62 million workers across 285,000 U.S. firms found that companies adopting generative AI reduced junior employment by about 9% within six quarters.
This is based on the updated May 2026 version of the paper, while senior employment held steady. Seyed Mahdi Hosseini Maasoum and Guy Lichtinger, the paper's authors, describe the pattern as "seniority-biased technological change."
Morgan Housel, bestselling author of The Psychology of Money, raised this concern on The Tetr Podcast, telling host Pratham Mittal he would "move mountains" to send his children to a good college.
But Housel also flagged a problem that no tuition check can solve: AI is eliminating the junior positions where graduates have always learned how to work.
For parents investing in college savings plans, that gap between the diploma and the career it used to unlock is widening.
#housel #maasoum
This is based on the updated May 2026 version of the paper, while senior employment held steady. Seyed Mahdi Hosseini Maasoum and Guy Lichtinger, the paper's authors, describe the pattern as "seniority-biased technological change."
Morgan Housel, bestselling author of The Psychology of Money, raised this concern on The Tetr Podcast, telling host Pratham Mittal he would "move mountains" to send his children to a good college.
But Housel also flagged a problem that no tuition check can solve: AI is eliminating the junior positions where graduates have always learned how to work.
For parents investing in college savings plans, that gap between the diploma and the career it used to unlock is widening.
#housel #maasoum
3 days ago
