Shafaqna English- Artificial intelligence is beginning to weigh on employment across major developed economies, with the strongest effects concentrated in highly AI-exposed industries and among entry-level workers, according to new research from Goldman Sachs, as CNBC reported.
Goldman Sachs found that industries more exposed to AI automation have generally experienced slower job-opening growth since the second half of 2022, with the relationship particularly pronounced in the United States, Germany and Australia.
Employment in information and communication services—one of the sectors most exposed to AI—has slowed across nearly all major developed economies since 2022. Employment in these industries, however, remains near or above long-term trends outside the U.S.
The impact is more pronounced in several highly AI-exposed sectors, including call centers, software publishing, management consulting and advertising. Call-center employment has fallen particularly far below historical trends, reaching 39% below trend in the U.S., 33% in Canada and 27% in Germany.
Goldman’s analysis of more than 800 occupations also found that entry-level workers are facing the strongest AI-related employment pressures. Across France, Canada and the U.S., a 10% increase in occupational exposure to AI was associated with only a 0.1 percentage-point drag on annual employment growth overall. For entry-level workers, however, the impact ranged from more than 0.6 percentage point in Australia to more than 0.2 percentage point in the U.S.
Goldman concluded that AI-related hiring pressures are now visible in labor-market data globally, but remain concentrated in a relatively limited group of industries and workers.
The findings come as AI adoption expands across developed economies. Goldman estimates adoption rates of roughly 15% to 20% in major developed markets, with France, the U.S., the Netherlands and the U.K. among the leaders. Italy, Japan and New Zealand are among those with lower adoption rates, while major emerging markets have estimated adoption rates of 10% to 15%.
Source: CNBC