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Comment Questionable premise (Score 1) 113

The article says: "Historically, new college graduates were more likely to have a job than the average worker.".

It's a broad brush statement with no geographical or industry scope, and I don't think it's universally true.

In many countries or professions, unemployment rates of recent graduates is way higher than that of experienced folks.

I'm for trend reading as much as the next person, but vague, "not even wrong" premises don't help their credibility.

Comment Economics 101 (Score 3, Insightful) 62

Aluminum, back when it was a novelty, used to be pricier than gold, people bought it as a status symbol.

Here's the thing: if you reduce the price of something, and demand is elastic, sales volume increases.

https://en.wikipedia.org/wiki/...

If the unit cost of an imaging procedure drops, it shifts the optimal resource allocation in healthcare. It becomes more sensible and economical to order radiology than before. Even if volume doubles while AI reduces human involvement by 30%, that's still a net increase in demand for radiologists.
Consider also that more people likely work in today's energy sector—oil extraction, nuclear plant operations—than ever chopped wood for a living in the middle ages. Energy output is vastly higher, efficiency gains are even greater, and total employment is somewhat higher too.

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