Sløk argues AI jobs crisis hasn't materialized

While economists lean on aggregate labor statistics to downplay AI disruption, they overlook the immediate pain of structural mismatches, junior developer hiring freezes, and localized white-collar lay-offs that numbers fail to capture.

* Aggregate labor statistics are lagging indicators that mask the severe stagnation currently experienced by entry-level knowledge workers and software developers.

* The Jevons paradox may hold in the long run, but the transition period will create significant frictional unemployment as workers struggle to reskill at the pace of LLM adoption.

* Companies are exploiting AI to freeze headcount expansion rather than initiate active layoffs, translating to a "silent" jobs crisis characterized by fewer entry-level opportunities rather than a sudden spike in unemployment claims.

* Comparing LLMs to historical technology shifts understates the speed and scope of generative AI as a general-purpose automation of cognitive tasks.