AI Job Losses Devastate Entry-Level Workers, Goldman Sachs Finds

A new report from Goldman Sachs has found that entry-level workers are being disproportionately affected by the increasing use of artificial intelligence (AI) in various industries.

The bank analyzed employment growth across over 800 occupations and found that AI-driven job losses were concentrated at the beginning of careers, with slower growth in job openings since the second half of 2022.

Industries most exposed to automation, such as information and communication services, have posted slower growth in job openings since the second half of 2022. The pattern is clearest in Germany, Australia, and the US.

Narrower categories show a sharper story: employment in call centers, software publishing, management consulting, and advertising services has fallen below historical trends across developed markets.

According to Goldman Sachs, adoption rates of AI vary between 10% and 20%, with major developed markets leading the way. In Australia, for example, entry-level workers saw a 0.6-point drag on annual headcount growth due to 10% AI exposure.