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- AI jobs apocalypse hits entry-level workers while Bitcoin whales abandon ship for Ethereum
AI jobs apocalypse hits entry-level workers while Bitcoin whales abandon ship for Ethereum
September 3rd, 2025
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Read Time: 10 Minutes
Today’s Menu
Harvard study reveals AI's devastating impact on junior workforce as automation accelerates
Bitcoin whales flee to Ethereum as gold rockets to $3,500 record high
Markets
Price | 1 Day Change |
---|
Bitcoin | $111,064 | 1.8% ⬆️ |
---|---|---|
Ethereum | $4,301 | 1.6% ⬇️ |
Solana | $848 | 1.3% ⬇️ |
TODAY IN AI
Harvard study reveals AI's devastating impact on junior workforce as automation accelerates
A brutal Harvard study just exposed the dark side of AI adoption that nobody wants to talk about: companies implementing AI have slashed junior hiring by a devastating 22% since early 2023, while senior roles continue growing like nothing happened. This isn't about layoffs—it's about an entire generation of entry-level workers being locked out of the job market before they even get started.
The carnage is particularly savage in wholesale and retail, where junior hiring has plunged by 40% per quarter, essentially decimating traditional pathways into these industries. The most twisted part? Graduates from mid-tier institutions are bearing the brunt of this destruction, while those from elite schools and surprisingly, lower-tier institutions, are somehow finding better odds in this new AI-dominated landscape.
This creates a terrifying two-tier system where AI handles the work that used to train new employees, leaving companies with no reason to hire fresh talent. The implications are staggering: if junior roles disappear, where do future senior employees come from? We might be witnessing the creation of a permanent underclass locked out of career advancement.
The study essentially proves that AI adoption isn't just changing how work gets done—it's fundamentally breaking the traditional career ladder that entire generations have relied on. Companies are getting addicted to AI efficiency while completely ignoring the long-term consequences of never developing new human talent.
TODAY IN CRYPTO
Bitcoin whales flee to Ethereum as gold rockets to $3,500 record high
Crypto markets are witnessing a seismic shift that should have Bitcoin maximalists seriously worried: while gold just smashed through $3,500 per ounce to hit new record highs, Bitcoin can't even break above key resistance levels like the Ichimoku cloud. Meanwhile, whale address 0xFf15 just dumped 425 BTC worth $46.5 million in exchange for over 10,500 ETH over four days, signaling that even the biggest players are losing faith in Bitcoin's momentum.
The rotation out of Bitcoin tells a fascinating story about changing institutional preferences. On-chain data from Alphractal shows Bitcoin network engagement is absolutely pathetic, with active addresses dropping to just 690,000 last week and transaction fees remaining limp. Transfer volumes did spike to $10.8 billion, but that reflects "repositioning by large entities rather than broad retail activity"—basically whales moving money around, not genuine adoption.
Gold's surge to record highs is being driven by growing bets on Fed rate cuts, worsening fiscal outlooks across major economies, and increased political interference with Fed policy. Even gold-backed tokens like PAXG and XAUT initially followed suit before pulling back in what appears to be a typical breather in a bull trend that's making traditional safe havens look more attractive than crypto.
The most concerning signal for Bitcoin comes from Vibes Capital's Frank Fetter, who noted that short-term holder metrics are flashing levels similar to bottoms in August last year and April this year. With Trump-linked WLFI token crashing from 33 cents to 25 cents after its Sunday debut and France's government facing a 98% chance of losing a confidence vote that could revive EU debt crisis memories, the macro environment is screaming caution for risk assets like Bitcoin.
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