Goldman Sachs report: AI automation impacts entry-level job growth

A Goldman Sachs study indicates that artificial intelligence and automation are beginning to impact the labor market, particularly affecting entry-level workers and specific professional sectors.

Research covering more than 800 occupations shows that industries with high exposure to AI automation have experienced slower job growth since the second half of 2022. Notable sectors experiencing declines relative to historical trends include information and communication services, call centers, software publishing, management consulting, and advertising.

The impact is most pronounced for those starting their careers. While a 10% increase in AI exposure correlates to a minor 0.1 percentage point decrease in annual employment growth in economies like the US, Canada, and France, the effect on entry-level positions is significantly higher, ranging between 0.2 and 0.6 percentage points. Despite these localized pressures, the study does not currently suggest a generalized mass loss of jobs across the entire labor market.