Entry-level tech and finance workers in Ireland are losing their jobs thanks to AI. Could that be a warning sign for the U.S.? | Fortune
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Entry-level tech and finance workers in Ireland are losing their jobs thanks to AI. Could that be a warning sign for the U.S.? | Fortune
"As companies send mixed signals about how AI will impact white-collar jobs, one thing is certain: entry-level jobs are facing the brunt of AI uncertainty-and the effects are being felt around the world. A new report from the Irish Department of Finance found that AI's impact on the labor market is concentrated most among young workers. About 63% of jobs in the country are "relatively exposed" to AI, but some industries, like tech and financial services, are already seeing the effects of AI adoption."
"The effects are most felt among younger workers in the financial, tech, information and communications sectors. Employment among 15-to 29-year-olds in 'at risk' sectors declined by 1%, between 2023 and 2025, even as employment continued to grow in these sectors overall. The study found that between 2023 and 2025, high-AI risk sectors like financial services and tech experienced "significantly weaker employment growth," of only 4%."
AI's impact on the labor market concentrates most among young workers. About 63% of jobs in Ireland are relatively exposed to AI, with tech and financial services already adopting AI. Young workers ages 15–29 in the tech sector saw employment fall 20% between 2023 and 2025, while prime-age workers ages 30–59 experienced 12% employment growth. Employment among 15–29-year-olds in at-risk sectors declined 1% from 2023 to 2025 even as overall sector employment grew. High-AI-risk sectors recorded approximately 4% employment growth, compared with about 6.25% growth in lower-risk sectors like construction and healthcare.
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