Sources mentioned in the article.

[1] Powell's remarks: https://www.federalreserve.gov/mediacenter/files/FOMCprescon...

[2] The kids are alright?: https://secure.ubs.com/global/en/wealthmanagement/insights/c...

> Goldman Sachs economist Pierfrancesco Mei wrote on Thursday that “finding a job takes longer in a low-turnover labor market.” He argued that “job reallocation,” or the pace at which new jobs are created and existing ones destroyed, has been on the decline since the late 1990s… Almost all job changes between existing jobs is taking place as “churn,” driving “almost all the variation in turnover since the Great Recession.” Goldman found that as of 2025, churn was well below its pre-pandemic levels, a “broad-based” pattern across industries and states, and this “mostly fall[s] on younger workers.” In 2019, it took a young unemployed worker about 10 weeks to find a new job in a low-churn state, now that’s 12 weeks on average.

maybe a good thing because gen Z will send all your code to ChatGPT.

/s

Remote work is a detriment to almost every junior employee.