Tag: Labour economics

BusinessPolicy

Ireland Faces Critical Tech Skills Gap Threatening Indigenous Sector Growth

Ireland’s indigenous tech sector faces significant challenges in meeting current and future skill demands despite strong international rankings. A comprehensive analysis identifies critical shortages in software development, AI, and cybersecurity that could impact the projected 89,590 new ICT positions by 2030.

Ireland’s Tech Sector at Critical Juncture for Talent Development

Ireland must urgently address growing skills shortages in its indigenous technology sector to maintain competitiveness, according to reports from Ireland’s startup representative organization. A new comprehensive analysis indicates the country faces considerable challenges in meeting both current demands and future hiring needs in critical technology areas.

by Alvarez Jordan
BusinessEconomy and Trading

Jobless Growth Becomes New Normal as AI Reshapes Labor Market

Goldman Sachs economists identify “jobless growth” as the new labor market normal, where AI-driven productivity gains outpace hiring. This trend particularly impacts Gen Z and entry-level workers despite solid GDP growth.

The United States is experiencing a troubling new economic phenomenon that Goldman Sachs economists call “jobless growth” – a situation where robust GDP expansion coincides with stagnant hiring, creating particular challenges for Gen Z workers and recent college graduates. According to recent analysis by Goldman economists David Mericle and Pierfrancesco Mei, this pattern represents a fundamental shift in labor market dynamics that’s likely to persist throughout the mid-2020s.

The Anatomy of Jobless Growth

by Desai Priyanka