Artificial intelligence has undoubtedly contributed to society in its early years of adoption, but it has also threatened a variety of job functions. Thus far, frontline jobs like fast food and trucking have been consumed by AI, but there’s ruminating fear that this nascent technology could eliminate even the most high-paying and highly skilled jobs.
Take entry-level Wall Street banking jobs, for example. Incoming junior analysts could be in danger of losing their jobs to AI, according to a 2024 New York Times report. Indeed, big firms are reportedly considering pulling back hiring as much as two-thirds as Wall Street relies more on AI, several people familiar with the matter told the New York Times. This includes people working at the most renowned firms, including Goldman Sachs and Morgan Stanley. These companies did not respond to requests for comment from Fortune.
