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102 sats \ 1 reply \ @optimism 5 Sep \ on: Generative AI is reducing the number of junior people hired AI
The graph text:
Figure 2: Time Series of Junior and Senior Employment in Sample Firms Notes: This figure plots the average number of junior-level workers and senior-level workers in our sample of firms over time, normalized to 1 in January 2015. We define “junior” workers as those in Entry- or Junior-level positions, and “senior” workers as Associate level and above (see Section 3.1 for details)
I note 2 things:
  1. Something is odd about that Y axis
  2. WTF happened in 2020? Oh. lol
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202 sats \ 0 replies \ @SimpleStacker 5 Sep
Most likely the baseline is normalized to zero, and then the Y axis is percentage growth from the baseline. So 0.2 is 20% increase from the base period.
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