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  • 2 days ago
Goldman Sachs says AI is beginning to pressure jobs in highly exposed industries and entry-level roles. Call centers, software publishing and consulting show weaker job growth.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Goldman Sachs said artificial intelligence is beginning to weigh on labor markets across
00:07major developed economies, with the strongest effects concentrated in highly exposed industries
00:13and entry-level jobs, according to CNBC. Industries with greater exposure to AI automation
00:20have generally seen slower job openings growth since the second half of 2022.
00:25Employment in call centers, software publishing, management consulting, and advertising has
00:30fallen below historical trends across developed markets.
00:34Call center employment is 39% below trend in the U.S., 33% below trend in Canada, and 27
00:41%
00:41below trend in Germany.
00:42Goldman found AI-related employment headwinds were strongest among entry-level workers.
00:48The bank said AI hiring pressures are visible globally but remain limited to a relatively
00:52For all things money, visit Benzinga.com.
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