Goldman studied where AI is squeezing labor markets. Here's what it found

Goldman Sachs found that AI is starting to weigh on employment across developed economies.

Goldman studied where AI is squeezing labor markets. Here's what it found

TL;DR

  • AI is starting to impact labor markets in major developed economies, with effects varying by industry and seniority.
  • Industries with higher AI automation exposure have seen slower job openings growth since the second half of 2022.
  • Employment in information and communication services has slowed across most developed economies, though it remains near or above trend outside the U.S.
  • Sectors like call centers, software publishing, management consulting, and advertising have experienced significant employment declines below historical trends.
  • Entry-level workers are experiencing the strongest AI-related employment headwinds.
  • AI adoption rates are around 15%-20% in major developed markets and 10%-15% in major emerging markets.
  • France, the U.S., the Netherlands, and the U.K. are leading AI adoption among developed economies.