Unemployment among recent college graduates reached 9% in November, but Senator Mark Warner (D‑VA) warned that AI could drive the rate to 25% over the next three to five years if the issue is not addressed. Speaking at the CNBC CFO Council Summit, Warner highlighted the risk of jobs not being created, noting that some banks are already halving internship and entry-level hires.
Warner is collaborating with Republican Senator Josh Hawley on legislation to collect data on AI-related job losses. He emphasized that the interim period will require careful planning to support workforce transitions, even as AI creates new productivity-driven roles. The senator stressed the importance of industry collaboration and cautioned against relying solely on government programs.
The issue is part of broader concerns about AI and labor markets. MIT research shows AI adoption could significantly reshape U.S. labor demand. HP has cited AI as a factor in global workforce reductions. Meanwhile, at the Wuzhen AI Conference, DeepSeek warned of potential large-scale job displacements in the near future.
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