Goldman Finds Entry-Level Workers Most Exposed to AI Displacement
The rapid adoption of generative AI is prompting companies to reassess staffing needs and hiring plans, raising concerns about how automation will reshape the labor market. Goldman Sachs found that entry-level workers are especially exposed because many routine tasks can be performed or augmented by AI. Customer service, information and communications are among the sectors facing greater pressure, potentially narrowing traditional pathways for younger workers entering the workforce.
Job-opening growth in industries with high exposure to AI has slowed markedly since the second half of 2022, when generative AI tools began gaining wider use, according to Goldman Sachs. The effect has been most pronounced in the United States. The findings suggest the technology’s early labor-market impact is appearing through weaker demand for new hires, with entry-level positions bearing more of the adjustment than experienced roles.
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The history behind this eventGoldman Sachs Says AI Jobs Apocalypse Is Overstated as Infrastructure Faces Labor Shortages
Goldman Sachs expects generative AI to reshape jobs gradually over the long term rather than trigger a near-term “jobs apocalypse.” As technology giants continue building data centers, power infrastructure and manufacturing facilities, some labor demand is shifting from white-collar roles to physical infrastructure work such as construction and equipment installation. The total investment involved has not been disclosed.
Goldman Sachs estimates in its latest report that AI could displace about 15 million U.S. jobs over the next decade. However, the shift will not happen all at once because companies need time to adopt the technology and workers need time to change careers. The report also expects labor shortages in two areas: industrial infrastructure and AI infrastructure. Available event data does not specify the report’s publication date or any individual investment amount.
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