logo
Are young workers paying the price for corporate panic? Staffing expert breaks down the 'AI hype' in candid post

Are young workers paying the price for corporate panic? Staffing expert breaks down the 'AI hype' in candid post

Time of India10-07-2025
In a rare blend of clarity and calm,
Andrew Hilger
— former president of the $15 billion staffing powerhouse
Allegis Group
— has offered a grounded perspective on the current wave of
AI obsession
that has taken over boardrooms, job markets, and social media feeds. In a recent post on LinkedIn, Hilger urged businesses and professionals alike to breathe through the chaos, calling the frenzy 'Phase One' of any macro change, and reminding everyone: 'This too shall pass.'
Hilger's commentary arrives at a time when fears of job loss, automation, and the death of entry-level employment are dominating headlines and hallway conversations. Drawing from decades of experience across continents and industries, the staffing expert unpacked why he believes AI isn't the villain—it's the fear of being left behind that's distorting how companies are behaving.
The Real Problem Isn't AI, It's the Panic
According to Hilger, the surge in AI investments and the freeze in early-career hiring aren't necessarily rooted in technological readiness. 'Companies have real problems to solve,' he wrote, 'but they're also being sold solutions looking for problems.' The result, he notes, is a Red Queen effect—everyone sprinting just to stay in place. In the race to appear ahead of the curve, many companies are showcasing unproven demos and buzzword-heavy case studies, while quietly grappling with the daunting task of real change management.
The labor market, particularly for fresh graduates, is feeling the brunt of this cautious overreach. A report from the Federal Reserve Bank of New York found the unemployment rate among new grads rose to 5.8% in March, up from 4.6% a year earlier. While many are quick to link this shift to automation, Hilger suggests it's not that simple: 'We see a spike in the unemployment rate… and race to assign causation. What if it's more about the hype?'
Netizens Join the Chorus: 'A Weird Time to Be Alive'
Hilger's post struck a nerve with thousands online. One commenter reflected on how AI is quickly mastering the dullest tasks humans avoid—making it both useful and threatening. 'One way to allow for a smooth transition is to instate a basic income… Not a small one either,' they wrote. Another echoed the surreal nature of the moment, comparing it to Y2K: 'Maybe it will be just like the year 2000. It hits and nothing changes. I tell myself a few times a day, 'I don't really know what's going on right now.''
The shared sense of disorientation, coupled with the pressure to 'keep up,' is driving not only businesses but also workers into reactive loops. Hilger highlights this as the core issue: 'We're not shaping the future as much as reacting to the fear of being left behind.'
Entry-Level Workers, Not Replaced—Just in a Holding Pattern
Despite the anxiety, Hilger holds space for hope. He predicts that today's struggling entry-level workers may soon become tomorrow's disruptors—especially those fluent in emerging tech. 'A possible Phase Two,' he says, 'will see them displace anyone resistant to change.' The implication is clear: this is not a dead end, but a reset. One where readiness to learn, adapt, and rethink outdated structures will matter more than alarmist headlines.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Billionaire Spencer Hires Schroders Veteran to Manage His Wealth
Billionaire Spencer Hires Schroders Veteran to Manage His Wealth

Mint

time16 minutes ago

  • Mint

Billionaire Spencer Hires Schroders Veteran to Manage His Wealth

(Bloomberg) -- UK billionaire Michael Spencer has hired a Schroders Plc veteran to lead his family office, expanding the investing capabilities of the firm managing one of Britain's biggest fortunes. Simon Brazier, 50, who previously worked at Schroders for more than a decade, becomes chief executive officer from Aug. 18 of the Nex Group founder's personal investment firm, known as IPGL, according to a statement. The British native, a longtime fund manager, replaces Seth Johnson, a 57 year-old former Nex executive who stepped into the CEO role at IPGL after a predecessor departed within six months of joining in 2023 due to personal reasons. Brazier, Johnson and Spencer will initially work together in a transition period at IPGL, which disclosed net assets of £995.2 million ($1.4 billion) in its latest annual accounts and has stakes in companies including wine-maker Chapel Down Group Plc and cybersecurity firm Glasswall. Why Billionaires Have Family Offices and What They Do: QuickTake The leadership shakeup shows how Spencer is hiring outside the finance empire he built over the past four decades to take charge of a firm that ranks among London's biggest family offices, controlling stakes in more than a dozen companies worldwide. IPGL's leaders have often worked before with Spencer, who made his fortune through ICAP Plc — NEX's predecessor company — and turned it into the world's biggest broker of deals between banks. Brazier is 'a natural leader with deep investment insight, sound judgement, and a strong ethical compass,' Spencer, 70, said. 'He brings a long-term view and a proven ability to lead teams and generate value.' The family office's finance chief, Karina Curtis, previously worked at ICAP, where former CEO Samantha Wren similarly spent almost a decade of her career in senior roles. Piers Davison, a former JPMorgan Chase & Co. and Citigroup Inc. banker who advised on some of Spencer's biggest transactions in the past, also became a non-executive director of IPGL in late 2024. Outgoing CEO Johnson has worked with the UK billionaire for more than three decades. Spencer, a former Conservative Party treasurer, sold Nex to CME Group Inc. in 2018 in a deal that valued the UK firm at £3.9 billion. Brazier, a University of Durham Economics and French graduate, started working at Schroders in the late 1990s and later helped lead the firm's UK equity funds, according to his LinkedIn profile. He moved to Threadneedle Investments in 2009, where he served as head of UK equities and oversaw a roughly £2 billion fund before Investec Plc's asset-management arm at the time recruited him for a similar role about a decade ago, his most recent money-management position. --With assistance from Andrea Felsted. More stories like this are available on

LinkedIn ranks America's best colleges for career growth, Princeton bags top spot, Duke follows
LinkedIn ranks America's best colleges for career growth, Princeton bags top spot, Duke follows

Hindustan Times

time16 minutes ago

  • Hindustan Times

LinkedIn ranks America's best colleges for career growth, Princeton bags top spot, Duke follows

When it comes to studying abroad, the United States has always been the ultimate dream destination for Indian students aspiring to pursue a degree at the renowned institutions the country has to offer. Check LinkedIn's list of top US colleges known for delivering long-term success. (Unsplash) From Harvard to Princeton, the globally recognised degrees offered by the universities have drawn generations of ambitious learners from India in their pursuit for success. According to professional networking platform LinkedIn, institution where students earn a degree can have a big impact in the lives, and graduates of top programs often land jobs sooner, build strong professional networks and advance into leadership faster. Therefore, it becomes all the more crucial for students who are willing to study in the US to know which programs and university are worth their investment. Also read: Study abroad: Planning to pursue a degree in psychology? Here are top 5 universities in UK as per THE Rankings 2025 Understanding this fact, LinkedIn has released its first-ever Top Colleges ranking that identifies 50 US schools that deliver long-term success. As per the official website, the ranking methodology used LinkedIn data to rank the US colleges based on five pillars, namely job placement, internships and recruiter demand, career success, network strength, and knowledge breadth. Listed below are some of the US institutions that are among the top 50: 1. Princeton University Princeton University in New Jersey has bagged the top spot in LinkedIn's list of 50 best US schools. The university stands out for its job placement and entrepreneurship opportunities or C-suite experience. Graduates of Princeton University can have a booming career in field like Technology & Internet, Financial Services, Business Consulting & Services, and more. As per the LinkedIn list, the tuition fee at Princeton University is $65,210. 2. Duke University Duke University is located in Durham, North Carolina, and is overall the second best institution in the US. The university has an undergraduate enrollment of 6,525, and is known for training learners in skills like MATLAB, Web Development, and AI Engineering among others. The tuition fee at Duke is around $66,326. Also read: Study abroad: 6 Australian varsities ranked among world's top 50 institutes as per QS World University Rankings 2026 3. University of Pennsylvania The University of Pennsylvania is at the third spot among the top 50 US schools to be featured in the LinkedIn list. With an undergraduate enrollment of 10,500, the university's strength lies in industries like Financial Services, Technology & Internet, and Business Consulting. Graduates of the University of Pennsylvania have a strong skillset in areas like Scientific Computing, Data Science, and Industrial Design. 4. Massachusetts Institute of Technology The Massachusetts Institute of Technology, popularly referred as MIT, stands out for being among the top five schools for entrepreneurship or C-suite experience, internships and recruiter demand. Graduates of MIT opt for careers in areas like Technology and Internet, Manufacturing, and Research Services. MIT is also known for offering skills like AI Engineering, Robotics and Web Development. 5. Cornell University Cornell University is located in Ithaca, New York. The university has an undergraduate enrollment of more than 16,000, and trains students in skills like Scientific Computing, Aerospace Engineering, and Animation among others. The top industries of Cornell University graduates are in areas like Technology & Internet, Financial Services, and Higher Education. 6. Harvard University Harvard University, located at Cambridge, Massachusetts, is placed in the sixth spot on the LinkedIn list. The university has an undergraduate enrollment of 7,100, and its graduates are typically placed in industries like Financial Services, Business Consulting & Services, Technology & Internet, and more. Also read: Sheffield University invites applications for 'BA International Business Management with Study Abroad' course 7. Babson College Babson College is located in Babson Park, Massachusetts, and ranked seventh in the LinkedIn list. This US institution stands out as a top 5 school for network strength and entrepreneurship as well as C-suite experience. With an undergraduate enrollment of over 2800, Babson College graduates have strong skillset in Data Science, Human Computer Interaction, Entrepreneurship, and placed in industries like Financial Services, Technology & Internet, Business Consulting & Services. 8. University of Notre Dame The University of Notre Dame is located in Notre Dame, Indiana. The university has an undergraduate enrollment of 8,925 and stands out among the top five schools for job placement. Graduates of the university can have a fulfilling career in industries like Business Consulting & Services, Financial Services, Technology. The institution is also know for offering skills like Scientific Computing, Economics, Architecture. 9. Dartmouth College Dartmouth College is located at Hanover, New Hampshire. It has an undergraduate enrollment of 4,450 and stands out as a top five US school for network strength. Among notable industries for graduates include Financial Services, Technology & Internet, Business Consulting & Services, LinkedIn stated. 10. Stanford University Stanford University in California is ranked the 10th best US school as per the LinkedIn list. It stands out for being among the top five school for entrepreneurship or C-suite experience. With an undergraduate enrollment of 7,555, students at Sandford University are offered knowledge in skills like AI Engineering, MATLAB, Industrial Design, and more. Graduates of Stanford University can opt for careers in industries like Technology & Internet, Research Services, and Financial Services among others. To check the full list, click on this direct link.

Man invested Rs 18,000/month for 4 years, earned less than FDs. CA explains why
Man invested Rs 18,000/month for 4 years, earned less than FDs. CA explains why

India Today

time30 minutes ago

  • India Today

Man invested Rs 18,000/month for 4 years, earned less than FDs. CA explains why

A salaried investor put Rs 18,000 a month into mutual fund SIPs for four years. Yet, his actual returns were lower than a fixed deposit, according to a recent LinkedIn post by CA Abhishek investor believed he was on the right track. His funds showed a compound annual growth rate (CAGR) of 11%. But when he calculated his portfolio XIRR—the actual return on his money—it was just 6%. That's less than the 7% a fixed deposit would have paid over the same what went wrong? According to Walia, the problem was not the funds, but investor behaviour. The SIPs were started in mid-2019, paused for 10 months during Covid, and then resumed in 2021. During this time, the investor switched funds twice, chasing 'top performers' based on rankings. In mid-2022, he redeemed Rs 2.2 lakh during a market dip for a short-term need. Six months later, he re-entered the same actions meant the investor missed compounding during market recoveries and bought back units at higher prices. While the fund delivered 11% for those who stayed invested, his timing decisions dragged his portfolio return down to 6%.'Investors need to understand that our investment returns aren't what the fund earns, they're what you allow compounding to do,' Walia wrote. 'Even a 'perfect' fund can't protect you from bad timing, frequent changes, or emotional exits.'Walia's advice: stick to the basics. Commit to a long-term horizon of at least five to seven years, automate investments, and avoid making portfolio decisions based on short-term market noise.'Your wealth is built in the market's time, not your timing,' he case highlights the importance of checking XIRR—the true measure of individual returns—rather than relying on fund performance many investors, chasing returns or interrupting SIPs can cost more than staying invested through volatility.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store