AI is eliminating jobs in the United States, especially for young tech workers who are just starting in their career.
Goldman Sex Note on Monday, acquired Business InternalThe investment firm writes that since Chat GPT was introduced in November 2022, the tech sector’s part of the US job, which had just reached its highest point, is decreasing.
The report states that the plan to work in the tech sector is especially unemployment for children aged 20 to 30. Since the beginning of 2024, the unemployment rate for this group has increased by about 3 %, which is four times higher than the overall rate. Goldman Sex says the increase is an indication that AI is starting to handle the work of the white -collar, starting at the level of admission.
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The bank’s chief economist, John Hitzis, has estimated the note that AI will replace 6 % to 7 % of all US workers within the next decade. However, he predicted that the unemployment rate due to AI will only increase the “manageable” by 0.5 %, as the affected workers will move to other industries.
The AI is not only increasing unemployment by handling entry level tech jobs-it is also causing widespread getting rid of it. According to a Tuesday report, coaching company Challenger, Gray and Christmas shared With CBSFrom 2023, AI has directly deducted more than 27,000 jobs in the private sector.
“The development of artificial intelligence is giving a new look to the industry.”
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Tech leaders are also alarming on technology capability to replace jobs. Dario Amody, 42 -year -old CEO of AI Startup Anthropic, Predictable In May, the AI entry level can eliminate half the work of the white collar and result in unemployment increases by 20 %.
AI will affect the white -collar industries such as technology, law and finance, Amody said.
Nobel laureate Jeffrey Hunton, 78, was also predicted. Hunton, which is often called AI’s godfather because of his important work on nerve networks, is predicted in June that “AI will replace everyone’s place only”.
Hunton said at the time, “I think for worldly intellectual wages, Ai will replace only everyone.”
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AI is eliminating jobs in the United States, especially for young tech workers who are just starting in their career.
Goldman Sex Note on Monday, acquired Business InternalThe investment firm writes that since Chat GPT was introduced in November 2022, the tech sector’s part of the US job, which had just reached its highest point, is decreasing.
The report states that the plan to work in the tech sector is especially unemployment for children aged 20 to 30. Since the beginning of 2024, the unemployment rate for this group has increased by about 3 %, which is four times higher than the overall rate. Goldman Sex says the increase is an indication that AI is starting to handle the work of the white -collar, starting at the level of admission.
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