US EditionGoldman Sachs Economist Warns Gen Z Tech Workers Are First on the Chopping Block as AI Shows Signs of Shaking up the Labor Market
UNITED STATES, AUG 5 – Unemployment among young U.S. tech workers rose nearly 3% since early 2024 as AI replaces entry-level jobs, with Goldman Sachs forecasting 6% to 7% workforce displacement in a decade.
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Goldman Sachs economist warns Gen Z tech workers are first on the chopping block as AI shows signs of shaking up the labor market
Unemployment among Gen Z workers in the tech sector has risen faster than those in the broader tech industry and young workers overall, according to Joseph Briggs, senior global economist of Goldman Sachs’ research division. In a recent podcast episode, Briggs warned young people in tech are the largest targets for workforce displacement as a result of AI. As artificial intelligence begins to jostle the labor market, it’s Gen Z tech workers who…
Is AI Stealing Jobs From Young Workers? Goldman Sachs Data Reveals Unemployment Trends
A Goldman Sachs analysis shows that the unemployment rate for 20- to 30-year-olds in tech rose by nearly 3% since early 2024, over four times more than the overall rate.
Artificial intelligence is already having an impact on the US job market, especially in the technology sector, where unemployment among young workers has increased significantly, according to a Goldman Sachs economist, according to a CNBC report. Similar topics will be discussed at our AI & Digital Transformation conference on November 25th, so it's worth registering for the event now!
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