After scores of executives warned white-collar workers that artificial intelligence (AI) is poised to take their jobs, Joseph Briggs, head of global economics research at Goldman Sachs, noted that AI is already having a measurable impact on joblessness among young tech workers.
In a podcast posted on Aug. 5, Briggs told hosts Allison Nathan, senior strategist at Goldman Sachs Research, and George Lee, co-head of Goldman Sachs Global Institute, that the unemployment rate among young workers—aged between 20 and 30—in the tech sector has increased by about 3 percent since the start of the year. He said the increase is significantly greater than among other young workers.
