Goldman Sachs Economic Expert: The general technology workers are affected by B.

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As artificial intelligence begins in the labor market, workers at GEN Z Technology who are at greater risk of their displacement through technology, a Goldman Sachs economist warns.

The unemployment rate for young people between the ages of 20 and 30 in the technology sector has increased by about 3 % since the beginning of the year, according to Joseph Brigz, the world’s chief economist of the Goldman Sachs Research Department.

“This is a much greater increase than we saw (in) the technology sector on a larger scale or more than we saw for other young workers,” Briggs said in an episode of the bank. Exchange Podcast That was broadcast on Tuesday.

The adoption of artificial intelligence in the workplace so far has been modest: about 9 % of companies have used technology regularly to produce goods or services in the past two weeks, according to Goldman Sachs report, “determining the risk of functional displacement related to AI”, was composed by Briggs. However, labor has decreased in the technology sector in the past few years, coinciding with Chatgpt version from Openai– More than 20 years after the growing jobs in this industry.

The bank expects to replace artificial intelligence about 6 % to 7 % of the total workforce.

The spread of artificial intelligence must be a major impact on the technology industry, with Microsoftand Googleand DeadAnd other technology giants Discipline of approximately 30,000 workers Completely because it turns investments towards artificial intelligence. But although the millennial generation was the generation of learning, the new Gen Z at the work draws attention to technology functions. Funder, it harms the chances of the technology sector, the rise of automation disrupts the functions of beginners in particular, with the spread of jobs in the United States in the United States It decreases by about 35 % Since January 2023.

Gen z feels pressure. Nearly half of the US fishermen in the United States believed that artificial intelligence has reduced the value of their university degrees, according to April. Global Economic Forum report.

“The story is the story in which the total effects on young workers in the labor market are speaking from a total, small perspective.” “But if we start the chest in these specific industries and enlarge them where we see Amnesty International used to pay efficiency gains, there are signs that the opposite winds appear there.”

Gen z employment problems wider

Briggs argued that young people are entering the “low -employment, low -release” labor market. In other words, although artificial intelligence may change the work scene, Gen Z workers must deal with a less friendly job market for new appointments.

“There were many questions about the late employment rates or the difficulties facing new university graduates,” he said. “I am sure we all know people who have had a problem to find jobs or more difficult time than they would follow the modern graduation habit.”

“He definitely sees these low employment rates for modern university graduates.” The Federal Reserve in New York last month found that the unemployment rate among modern universities graduates It increased to about 5.5 %It is now the same as young men who have not enrolled in university. For all young workers between the ages of 22 and 27 years, the unemployment rate is 6.9 %.

Brad Delong, Professor of Economics at the University of California, Berkeley, wrote in an interview Alternative These young people The artificial intelligence should not be blamed at all For their unemployment problems, but we look forward to a set of economic uncertainty – from commercial wars to inflation – for unpredictable reasons.

While companies adopt a parking lot and vision policy as they learn more about the repercussions of President Donald Trump’s economic policies, they do not launch employees as much as they are waiting for employment. He said that artificial intelligence has become a scapegoat in the meantime for companies that realize their decision to take place instead of expanding.

“Blames on artificial intelligence allows both policymakers and business leaders to avoid ratification with deeper structural issues-such as inconsistency between what colleges are studying and what employers need, or long-term stagnation in productivity growth that made companies more cautious about expanding the scope of salaries, or uncertainty in short policy.”



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