🗞️AI impacting entry-level jobs

...also Ford recalls 500,000 vehicles and S&P 500 reaches all-time high

August 28, 2025

August 28th, 2025

What happened today 🇺🇸,

AI adoption linked to 13% decline in jobs for young U.S. workers, Stanford study reveals

A Standford study has found evidence that the widespread adoption of generative AI is impacting the job prospects of early career workers.

www.cnbc.com/amp/2025/08/28/generative-ai-reshapes-us-job-market-stanford-study-shows-entry-level-young-workers.html

  • A recent Stanford study found that generative AI adoption has led to a 13% decline in employment for early-career workers (ages 22-25) in the most AI-exposed jobs such as software development and customer service…the study shows that AI is primarily displacing entry-level jobs that AI can automate, raising concerns about young workers struggling to find their first job in certain industries despite overall employment growth in less AI-affected roles

  • Federal Reserve Governor, Lisa Cook, has filed a lawsuit against President Trump challenging his attempt to remove her from office, arguing that the president lacks the legal authority to fire her without cause as defined by the Federal Reserve Act…the lawsuit describes Trump's effort as "illegal and unprecedented," stating that the unproven mortgage fraud allegations used as a pretext for her removal do not constitute valid grounds ("cause") for dismissal

  • The U.S. economy's second-quarter GDP was revised upward to an annualized rate of 3.3%, surpassing the initial estimate of 3% and economist expectations

  • Ford is recalling nearly 500,000 SUVs in the U.S. due to a potential brake fluid leak caused by a defective rear brake hose that could rupture, increasing stopping distances and the risk of a crash

  • Over 700,000 Ryobi electric pressure washers sold at stores like Home Depot are being recalled because they are overheating and exploding, about 135 reports of overheating and 32 injuries have been reported so far

  • Nike announced it will lay off less than 1% of its corporate workforce as part of a broader turnaround effort

  • An Empower survey found that 51% of Americans have made a purchase or investment due to financial fear of missing out (FOMO)

  • DOW up .16% / S&P up .32%

  • The S&P 500 rose to a new all-time high today and hit 6,500 for the first time in history

  • North Korean leader Kim Jong Un will make his first visit to China in six years next week to attend a major military parade in Beijing, joining Chinese President Xi Jinping and Russian President Vladimir Putin for the event marking the 80th anniversary of the end of World War II

  • Russia launched its largest attack on Ukraine since Trump met with Putin with strikes killing at least 18 people and injuring at least 48 others…the strikes hit over 20 locations, including residential buildings, a shopping mall, and offices such as the European Union delegation and the British Council

Plus: A cool look at the top annual salaries for athletes by sport

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