""I expect that in the not too distant future, cover letters are gone. Either cover letters will be required and everybody will have AI write good ones and they'll be ignored, or employers will stop asking for them because they realize they're not looking at them and they're not adding value.""
""Job hunting is starting to look a lot like the good ol' days: It's all about who you know. At the heart of his argument is the concept of a hidden market: any system that has to allocate something valuable without simply letting the highest bidder win.""
In February, employers cut 92,000 jobs, with entry-level unemployment peaking at 13.3%. Many companies have paused hiring to assess AI's role. As a result, 1.17 million jobs have been lost since last year. The use of AI to craft cover letters has become common, but experts suggest this may not be effective. Professor Judd Kessler believes cover letters may soon be obsolete, emphasizing the importance of personal connections in job hunting and the concept of a hidden market in employment.
Read at Fortune
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