I can tell you why the “kids coming out of college and younger people, minorities, are having a hard time finding jobs.”
Climbs onto soapbox
Leadership at most businesses have decided it is easier to hire experienced workers rather than grow and develop the next generation workforce. I hear things from leaders like "I don't have time to train anyone new." It's lazy, fucked up, and wrong. AND ensures that we as a society will have a generational skill gap problem.
Utilities have one of the most glaring examples - the impending loss of irreplaceable institutional knowledge and critical skills as large numbers of workers retire, which could have been prevented with programs to bring in and develop early-in-career team members.
AI exasperates that problem because you need both an expert in how to setup and manage the Agents/supporting tools, and an expert who can review/adjust what is s coming out of the AI machine. They need to be the same person because you have to know the job well to effectively design the AI Agents for it. People entering the workforce are at an extreme disadvantage without a training, mentorship and ongoing support. Also in 2 decades the economy will be at risk without a workforce that has been properly skilled. If you think we are living Idiocracy now... just wait.
My general opinion of business leadership is not high, but this situation really exposes the depth of their laziness and lack of forethought. If you own or lead a business, now is the time to figure out how to hire and rapidly up skill incoming team members. Young people are generally hard working, loyal, and bring a valuable fresh perspective - if you put a n the elbow grease to help them develop.