Zeynep is wrong and mostly so is Ernie. Most of the bust is due to AI. It’s early stages, but that’s the cause. The post-Covid hiring boom was mostly cleared out by the beginning of 2024. There was a lacuna, then AI-related job losses (in tech, but other areas too) started in mid-2025 and are increasing all the time.

Most people can’t even see the past, much less the present or the future. A bit disappointing from Zeynep, really.