Research indicates that AI has led to a net loss of approximately 16,000 jobs per month in the U.S. job market over the past year. The impact is most severe on Gen Z and entry-level workers, with AI substitution eliminating around 25,000 jobs monthly, while augmentation added back about 9,000. The unemployment and wage gaps between entry-level and experienced workers have widened, reflecting the vulnerability of young workers in routine roles that AI can automate effectively.
"Goldman Sachs economists found that AI substitution has erased roughly 25,000 jobs per month, while augmentation has added back about 9,000, resulting in a net loss of 16,000 jobs monthly."
"The unemployment rate gap between entry-level workers under 30 and experienced workers aged 31-50 has widened sharply, reflecting the structural vulnerabilities of Gen Z in the workforce."
"A one standard-deviation increase in AI substitution exposure is estimated to widen the entry-level-to-experienced wage gap by approximately 3.3 percentage points."
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