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Gen Z’s hiring hell is real: 1 in 3 employers admit they’re replacing entry-level roles with AI
Fortune • • business
Key Points:
- A new GMAC survey reveals that one-third of employers are replacing entry-level jobs with AI, particularly in technology and manufacturing sectors, making it harder for Gen Z to enter the workforce.
- Despite AI automation, experts emphasize the importance of learning to use AI to add business value, as employers still seek talent with judgment, problem-solving skills, and adaptability to navigate change.
- MBA applications have risen amid a competitive job market, but hiring of MBA graduates is below expectations and median starting salaries are slightly declining, indicating an MBA is no longer a guaranteed career accelerator.
- Top MBA programs still offer substantial long-term payoffs, with graduates from schools like Harvard, MIT, and Wharton earning over $245,000 three years post-graduation, while employers raise expectations for business graduates’ skills.
- CEOs remain optimistic about hiring young talent who are adaptable and AI-savvy, with employers increasingly valuing a combination of human skills and technical proficiency for future workforce success.
