Sister Mu: The unemployment rate among Generation Z has soared to 12%, and the wave of unemployment is truly impacting young people aged 16-24.

Ark Investment founder Cathie Wood recently stated in the “In The Know” podcast: the current unemployment rate among young Americans (Gen Z) has soared to 12%, far above the overall level, and it is precisely the 16-24 age group that is most affected by this wave of unemployment.

Cathie mentioned that the Gen Z generation is no longer just “digital natives,” but also “AI natives” growing alongside AI. She encourages Gen Zs to bravely start their own businesses using tools like ChatGPT, Grok, and others. As long as they have a good idea, they can use AI tools to develop market plans and marketing strategies to launch their projects. Additionally, she believes young people can prepare two ways—interview while starting a business. Even if they can’t find a job, they shouldn’t waste this time.

As someone who started her career at 57, she admits she should have started her own business 20 years ago. Now, entrepreneurial tools are more powerful than ever, and as long as young people have good ideas, they should go for it!