Part 6/9:
The concern about unemployment—particularly among recent college graduates—intensifies. The unemployment rate for recent grads has increased from 5.8% to 6.6% within a year, driven partly by AI replacing entry-level positions. Critics argue that this is just outsourcing or offshore work, but the fact remains: automation is changing employment dynamics globally.
The Bigger Picture: AI as a Force Multiplier for Smaller Businesses
Despite concerns, AI presents opportunities for small businesses to compete more effectively. Instead of viewing automation as a threat, entrepreneurs can harness AI agents to multiply their operational capacity. Imagine a small team where a few AI bots handle thousands of customer inquiries 24/7, allowing human staff to focus on strategic, high-value activities.