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Apollo: AI-exposed jobs see real wage growth 6.7%p lower

Axios ·

APO Apollo Global Management Inc
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  1. 1Apollo Global Management (APO) researchers said AI is slowing wage growth rather than causing mass unemployment.
  2. 2Since 2023, real wage growth in AI-high-exposure occupations has been 6.7 percentage points lower than in low-exposure jobs, amounting to $28 billion in annual losses.
  3. 3There has been no meaningful AI impact on employment, but slower wage growth is more pronounced among lower-income earners, carrying inequality implications.

This 3-line summary is compiled from the report below.

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