The AI Effect: 16,000 Jobs Lost, Gen Z Is Loser!
This is not a vague report prepared by any random company, either as it was published by Goldman Sachs. So there is a lot of credibility and authentication associated with the same.
The kind of repercussions that artificial intelligence has been having on the global job market has been beyond ordinary as we are witnessing thousands of jobs being lost.
Now the latest developments are suggesting that artificial intelligence revolution is resulting in over 16,000 job cuts in the United States each month, which is a pretty extraordinary number.
It is being established in principal that it is the GEN Z, which is the main loser of this aspect as many entry-level jobs that could have ideally gone for debutants are being replaced by AI models.
It is being reported that the majority of the entry level jobs at leading companies globally are being replaced by artificial intelligence mechanisms. This is the main reason why entry-level jobs in the software industry have taken a massive beating which is affecting the current generation.
This is not a vague report prepared by any random company, either as it was published by Goldman Sachs. So there is a lot of credibility and authentication associated with the same.
According to this assessment that was made based on the global trends with regard to human workforce, the AI is reportedly cutting down 25,000 per month while it is creating 9000. This would essentially mean that there is a net 16,000 job losses amongst human workforce globally, which is due to the AI revolution.
But another positive news is that the AI revolution has resulted in significant financial impact on several companies which are unable to pay the huge expenditure associated with the same. This would naturally open the doors again for human workforce in the year future.