The net number of jobs AI is eliminating each month is shrinking. That sounds like good news. It isn’t — at least not for Gen Z.
Two months ago, Goldman Sachs economists estimated that artificial intelligence was wiping out roughly 16,000 net U.S. jobs per month, with entry-level and young white-collar workers bearing the brunt. Goldman’s latest AI Adoption Tracker, released Friday, puts that net figure at around 11,000 jobs per month. Progress, on paper. But the reason the number improved has almost nothing to do with AI slowing its march through white-collar work. Rather, it has to do with hard hats and conduit wire — and the offset may not be so permanent.