AI’s Impact on Job Growth | J.P. Morgan Global Research
www.jpmorgan.com
AI is poised to displace jobs, with some industries more at risk than others. Is the paradigm shift already underway?

cross-posted from: https://programming.dev/post/35786855

Reddit.

  • The unemployment rate among college graduates has risen, with majors exposed to AI, including computer engineering design and architecture, among those affected.
  • In addition, job growth across several white-collar sectors has been tepid, pointing to AI’s growing role in the workforce.
  • Certain tech industries, including cloud, web search and computer systems design, stopped growing at the end of 2022, just after the release of ChatGPT.
  • five82@lemmy.worldEnglish
    3·
    17 hours ago

    I work in tech for a large financial company (not JP Morgan) and they’ve invested heavily in AI and expect a return. But it’s a multi-pronged approach. More offshoring. Transitioning from internally maintained platforms to external SaaS solutions. More aggressively performance managing staff out of the company including older workers like myself. Setting expectations for those who will remain that they will be expected to use AI to work much faster with smaller teams.

    So AI isn’t the sole cause. But it is accelerating the trends that were already happening.