AI Job Pressure Mounts: Goldman Sachs Warns of Entry-Level Worker Impact

Goldman Sachs has sounded an alarm about the impact of artificial intelligence on the labor market. According to new research, industries exposed to AI have seen weaker job openings growth since 2022.

The study found that employment in call centers, software publishing, management consulting, and advertising services has fallen below historical trends. In particular, call center jobs are down 39% from trend in the US, 33% in Canada, and 27% in Germany.

Goldman Sachs' analysis of over 800 occupations revealed that AI-related headwinds were strongest among entry-level workers. This lines up with a recent study of AI-native startups, which found they employed about 15% fewer entry-level workers than comparable startups.

While the Goldman findings do not necessarily mean widespread AI-driven unemployment is imminent, some white-collar and entry-level roles are showing signs of pressure. However, industries tied to AI infrastructure, such as construction and manufacturing, are creating new demand for workers.