28/05/2026
Here is a question worth addressing.
If AI compresses twelve hours of junior work into fifteen minutes, who pays for the apprenticeship?
Professional services were built on a quiet bargain. Clients paid for some inefficiency — the second-year analyst rebuilding the model, the junior associate redrafting the memo — because that was how the next generation of expertise got made. The inefficiency was the training budget. It just sat on the invoice.
That bargain is under pressure on both sides. AI strips out the hours. Clients see the new price and reasonably ask why they should pay for the old one. The firm captures the margin in the short term. The training budget quietly disappears.
Nobody decided to defund the apprenticeship. It is being defunded by a thousand efficiency decisions, each individually sensible.
Intuit’s May announcement - 17% of the workforce gone, refocused around AI -illustrates the pressure operating at two levels. AI changes how firms organise work internally. It also threatens the revenue models that sustained those roles in the first place. The juniors who survive will be climbing a steeper, sharper-elbowed pyramid. Fewer rungs. Less time at each. More expected at every level.
The economics of “learning on the job” only worked when the job contained the learning. Strip the learning out of the job and you have a workforce of senior people with no successors and junior people with no path.
This is not an AI problem. It is a governance problem that AI is making urgent. The essay this week from Adam Riley and I sets out what business leaders should do. The honest first step is to admit that the bargain has broken — and that no one has yet decided who refinances it.
Why AI may not destroy every entry-level job, but could still break the master-apprentice model of knowledge work