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Signs of hiring pressure emerging from AI adoption

Investing.com ·

  1. 1Goldman Sachs analysts stated that AI adoption is putting pressure on hiring, but the broader employment impact remains limited.
  2. 2Economist Joseph Briggs said 10,000 fewer jobs were created over the past three months in industries with high AI exposure compared to long-term trends.
  3. 3With projections that AI will increase economy-wide productivity by 15%, 9% of workers may be temporarily displaced from existing roles during the transition.

So what's the key point?

Signs show that about 10,000 jobs have been lost as artificial intelligence is being used. While AI helps increase productivity, it means some workers could lose their jobs during this change.

Source Investing.com · View original ↗

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