00:00Hey Brad, what can you tell me about this edition of Business Week?
00:03In the new issue of Business Week, we have a package of stories on the young,
00:06educated, and jobless to fight over a shrinking supply of entry-level jobs.
00:12Let's go talk to Bloomberg reporter Joe Constance to hear more.
00:28Hey Joe, what are you up to?
00:30Hey Brad, nothing, I'm just filming a social video for the new Business Week issue.
00:35Now I hear in the magazine you write a story about how parents are paying as much as $50,000
00:41to hire consultants to help their kids get their first job.
00:44It's true.
00:45Does that really work?
00:46I mean, you're just going to have to read to find out.
00:48You also write a story about how kids, more students,
00:52are starting businesses rather than getting a traditional job. Why is that?
00:56I mean two reasons. One, entry-level jobs right now are really hard to come by.
01:00And two, AI is making things actually a lot easier to start businesses, even if you're 18.
01:06Now graduating students have an unusual form of expertise.
01:09They know how to use AI tools. How valuable is that to employees?
01:13So yeah, a lot of young kids these days are using chatbots every day for everything.
01:18And as you can imagine, that comes with benefits and maybe some costs.
01:23They can be really productive, but often sometimes they might rely on the tools a little too much.
01:28But you're going to have to read to learn a little bit more about that.
01:30In the May edition of Bloomberg Business Week.
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