AI has ruined job market

The Atlantic: AI screening tools in particular are creating an “algorithmic monoculture” in hiring, a new study of 4 million job applications has found. More candidates are being rejected by every firm that they apply to; in general, hiring decisions are more uniform than they would be if HR managers were not using algorithmic screens. A decade or three ago, firms would “go through the resumes and pick out schools they knew, or fancy schools, or schools that had good programs” in relevant fields, Creel told me. “That’s bad in its own way, from an egalitarian point of view. But at least different people had different arbitrary screening criteria.”…