AI is already impacting the labor market, starting with young tech workers, Goldman economist says

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Changes to the American labor market brought on by the arrival of generative AI are already showing up in employment data, according to a Goldman Sachs

economist.

Most companies have yet to deploy artificial intelligence in production cases, meaning that the overall job market hasn’t yet been significantly impacted by AI, said Joseph Briggs, senior global economist of Goldman’s research division, in a podcast episode shared first with CNBC.

But there are already signs of a hiring pullback in the technology sector, hitting younger employees there the hardest, Briggs said.