Last summer, Stanford professor Erik Brynjolfsson published a comprehensive (albeit early) study on the impact of AI on the job market. Crunching a large data set made available through payroll provider ADP, he found that the impact of AI on jobs is real and measurable. Now he is back with more, and more current, data. And it doesn’t look any prettier.
For workers ages 22 to 25, employment in highly AI-exposed occupations is now shrinking at 3.8% per year and the early-career decline sharpened after year one — 2.8% decrease to April 2024, growing to a more than 4% decline per year since. The average decline on a month-to-month basis averages about −0.3% but Brynjolfsson notes that trend is noisy, compared to the year-over-year deceleration.
Link above is to the full study – it’s worth digging into the data to get the full picture.
