Companies hire *more* after AI adoption?

Here’s an angle we don’t often see: An article on Ramp shows that companies that invest heavily in AI actually hire more than those that don’t, with companies that only invest a little in AI showing no noticeable change.

I find this particularly interesting because they say “Entry-level headcount grew even faster. At the companies making the largest AI investments, entry-level headcount grew 12% over the two years following adoption.”

And entry-level jobs are exactly the ones many are most afraid will disappear.

What does this mean for the younger generation entering the workforce?

As a millennial, we were in the same boat when we entered the job market: we couldn’t compete on experience and expertise, and the economy was in a series of downturns that we’re still reeling from.

But millennials got jobs because we understood technologies the older generation didn’t. That’s how we filled novel roles like social media manager, digital marketer, and so on.

I believe the trick is to find areas in which no one is an expert, so you can compete on a level playing field.

By understanding technologies that the older generations don’t, you can negate what you lack in experience.

And also positive: For existing engineers, the article says “If you are an engineer worried that AI will eliminate engineering jobs, our evidence says AI adopters are hiring engineers faster, not slower.”