Goldman Sachs and Morgan Stanley Data Show AI Is Cutting 16,000 U.S. Jobs Per Month
New Wall Street research shows AI is measurably displacing roughly 16,000 net U.S. jobs per month, with effects modest but real and growing.
New Wall Street research shows AI is measurably displacing roughly 16,000 net U.S. jobs per month, with effects modest but real and growing.
Leading economists, once skeptical of AI's labor market impact, now warn that significant workforce disruption is imminent as AI capabilities accelerate across industries.
Tech sector layoffs rose significantly in March, with artificial intelligence cited as the leading reason for job cuts in 25% of announcements.
OpenAI co-founder Andrej Karpathy published and then removed an AI-generated analysis of US labor market exposure to automation, revealing that professionals earning over $100,000 annually face the highest risk scores, while low-wage manual workers face the least.
Stanford's SIEPR summit reveals AI has already cut entry-level software developer hiring by 20% and call center jobs by 15%, with economists warning of widening inequality.
OpenAI CEO Sam Altman, speaking at BlackRock's Infrastructure Summit, acknowledged that AI is fundamentally shifting the power balance between labor and capital, predicting a 'painful adjustment' ahead for the global workforce.
JPMorgan Chase CEO Jamie Dimon urged governments and businesses to proactively plan for AI-driven labor disruption, warning that autonomous AI could displace millions of workers faster than society can adapt.
A Nature investigation finds that AI is already eliminating demand for human data analysts and research coders in academia, with some scientists warning that purely cognitive scientific roles will be the first to disappear.
A Guardian investigation reveals how AI-driven job fears are prompting workers and students to abandon computer science, coding, and administrative roles in favour of healthcare and skilled trades.
Ex-Google ethicist Tristan Harris warns unchecked AI growth could cause job market collapse by 2027, with AI already causing 13% decline in early-career jobs.