John Burn-Murdoch

You know, we saw that with how the Black Lives Matter movement rapidly spread from the US to the UK, Ireland, Australia, New Zealand, Canada, and less so to other countries.

But yeah, I think we absolutely see it in some of the other shifts we're talking about here.

Something sort of takes hold in the US or maybe the UK and goes across the ocean, and we suddenly see similar patterns working their way through very different groups of people in different places.

We'll be right back.

We're back with more from John Byrne Murdoch.

This one, again, I think is super interesting and relatively poorly understood.

So a huge amount of time and effort has been put into looking at whether AI is impacting the labor market state situation for young people, but

Much less work has been devoted to this massive shift over the last six years in terms of the rise of remote work.

When you think about it, it transforms the relationship between worker and employer.

It transforms the hiring process.

It transforms...

how the nature of day-to-day work itself.

And very little analysis and study has been done on this.

And now we're starting to see a couple of studies done, and they do seem to suggest that it is more likely that remote working, especially fully remote jobs, have been a big part of the decline in hiring, the disproportionate decline in hiring of young people.

Now, again, the fairly consistent conclusion here is not that that means everyone should go back to doing five days a week.

There's really solid evidence that hybrid working has been pretty good for everyone involved, for the bosses, for the juniors, for everyone.

But the less time people are spending in the office, the more that work becomes this digital task or set of digital tasks, which, you know, if they can be done by someone hundreds of miles away, then maybe they could be done by agentic AI.

So you get this overlap between moving someone far away, moving away from face-to-face to interacting through a screen.

That happens at the same time as AI comes up.

And suddenly it becomes almost...