When AI disrupts entry-level work, will we be ready?
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 6 July 2026
⏱️ 7 minutes
🧾️ Download transcript
Summary
“I don't know what a young person who's a current college student who has no work experience could possibly do for me, sitting at a computer, that AI couldn't do itself,” said Molly Kinder, who researches AI and the labor market. While there's no real evidence yet that AI is eliminating entry-level jobs en masse, researchers say we should plan for the possibility. What exactly would that look like? We’ll explore. But first: checking in on oil production and gas prices.
Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.
Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
Stories featured in this episode:
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Oil is flowing again. How long till it really hits the pump, though? From Marketplace, I'm Sabre Benshore in New York, in for Kimberly Adams. OPEC plus over the weekend, voted to increase oil production. And usually it does this to lower oil prices. But the price of oil is already way down from its wartime highs. Brent crude |
| 0:22.7 | is at $72 a barrel. At one point during the war, it was briefly at $126 a barrel. So as oil |
| 0:31.1 | production comes back online, what can we expect at the gas pump? Julia Coronado is here to |
| 0:35.8 | talk about that and more. She's founder of macro |
| 0:37.6 | policy perspectives and a professor at UT Austin. Hi, Julia. Good morning. You know, prices are |
| 0:43.6 | already falling oil prices. Why increase output of oil now? Well, there's always the announcement |
| 0:51.3 | effect. It's sometimes symbolic with OPEC because there's not always |
| 0:56.5 | follow through, but it's an indication of the intention to keep supply rolling and to keep prices |
| 1:03.7 | in the range that we've seen them fall to recently. Because there's still a major backlog. |
| 1:09.6 | You know, a lot of ships, a lot of oil backed up that still need to get out of the straight. Increasing production, can that really make a difference in the short term? |
| 1:17.6 | It makes somewhat of a difference. We're seeing oil futures land at a level that is still higher than before the conflict, but certainly a lot better than at the peak of the war. |
| 1:31.1 | So it's expected that it's going to take some time for oil supply to normalize. |
| 1:37.0 | And even then, it will be subject to tolls and more volatility. |
| 1:41.7 | So I don't think we're going all the way back to where we were, but we're |
| 1:46.0 | certainly seeing some normalization in future. So expectations that that flow is going to be |
| 1:51.5 | improved for a while. But again, we probably won't get all the way back down to pre-war levels |
| 1:58.3 | of gas prices. Julie Cornato, founder and president of macro policy perspectives, |
| 2:02.8 | thank you so much as always. |
| 2:04.4 | My pleasure. |
| 2:34.1 | Thank you. economists call it the low hire low-fired job. Everyone else probably has more colorful language for it. |
| 2:35.7 | But bottom line, if you have a job, you're probably good. Knock on wood. Companies aren't firing |
| 2:40.9 | that much on the whole. But they're not hiring that much either. So if you're looking for a job, |
... |
Transcript will be available on the free plan in 15 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.