There is no evidence that offshoring or AI has caused a reduction in labor in USA. A better explanation for a tough job market for recent grads is that there is a large mature older white collar labor force, but the share of works in white collar jobs hasn't actually decreased.
For tech specifically, the over-hiring in late pandemic, higher interest rates, and a change in the tax code are the main reasons that hiring is down.
>>513800896
>Plus AI destroyed a lot of these jobs too
This gets said a lot but there isn't actually any data that suggests this is actually happening.
>>513800931
We've been offshoring to India for decades and the percentage of our labor force in white collar jobs has steadily risen (besides the quick spike and decline in 2022). There's not a fixed number of jobs being distributed between the west and India.