This article argues that companies hire out of necessity rather than desire, and that the labor market exists mainly because business owners need help. It critiques the belief that jobs will always be available, suggesting that advancements in AI could further reduce the need for human labor.

The job market for young, educated workers is deteriorating, with recent college graduates facing an unemployment rate of 5.8%. Factors contributing to this trend include the lingering effects of the pandemic, a shift in the value of college degrees, and the potential impact of artificial intelligence on entry-level job opportunities.