AI Already Affecting Hiring in Developed Economies: Goldman Sachs Study

A new study by Goldman Sachs has revealed the early effects of artificial intelligence on hiring in developed economies. According to the report, AI is already affecting the labor market, particularly in sectors with a higher susceptibility to automation. The growth in job openings has slowed since the second half of 2022, most notably in Germany, Australia, and the United States.

The study found that employment in the information and communications services sector - one of the most vulnerable to AI-driven automation - has slowed since 2022 in nearly all major developed economies. The decline in employment was particularly pronounced in call centers, software development, management consulting, and advertising.

Goldman Sachs analyzed employment trends across more than 800 occupations and found that the negative impact of AI is most pronounced among entry-level workers. For example, a 10% increase in a profession's susceptibility to AI was associated with a decrease in annual employment growth of only 0.1 percentage points for all workers, but over 0.6 percentage points for entry-level workers.

The bank also estimated that the level of AI adoption in developed economies is approximately 15-20%. The highest adoption rates were recorded in France, the United States, the Netherlands, and the United Kingdom, while countries like Italy, Japan, and New Zealand had lower rates. In large developing countries, the rate of AI adoption was estimated to be around 10-15%.