AI didn't cause the tech jobs bust, but it explains why there's no recovery
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Summary
An analysis of US, Indian and Chinese labour data argues that AI did not cause the tech jobs bust but helps explain why there is no recovery. Software postings peaked in February 2022, before ChatGPT, and have since risen about 25%, yet information-sector payrolls fell 12% from their November 2022 peak. Roughly 56% of US tech postings ask for AI skills, and 71% of the posting rebound is senior roles. Several figures, including the payroll and Indian hiring numbers, were not independently verified.