Will artificial intelligence take your job? A recent Stanford study provides six facts supporting “the hypothesis that the AI revolution is beginning to have a significant and disproportionate impact on entry-level workers in the American labor market.”
The study noted in particular that “since the widespread adoption of generative AI, early-career workers (ages 22-25) in the most AI-exposed occupations have experienced a 13% relative decline in employment.”
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The decline in employment can be seen primarily in occupations where AI will automate the work rather than when it augments people’s labor. The study found “substantial declines in employment” for those in their early 20s working in fields most exposed to AI, including customer service and software development.
By contrast, employment for more experienced workers in those fields, as well as those working in less AI-exposed fields like nursing, “has remained stable or continued to grow,” the study said.
According to the Bureau of Labor Statistics, overall unemployment remains relatively stable. July’s rate was 4.2%, slightly up from 4% in May and 4.1% in June.
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