Government statistics do suggest a gap between those younger workers (high school or recent college grads) who want to work and finding opportunities. While AI is often mentioned as a driver, and it might be, it doesn’t sync as well with the data as it should to be the major cause. A better explanation is uncertainty on the part of business to invest in new full time hires for jobs that were considered early career entry points.
There is more evidence that investments in AI are improving productivity (both labor productivity and total factor productivity), especially in manufacturing sector, which has been plagued by low or zero productivity since 2004 but the last year has seen growth.
AI is certainly impacting how I do my job and it frees me up to do things that AI cannot yet do. But I can see how it might eliminate my job at some point. More likely I will keep my job but use AI to be way more productive.