ByJoe McKendrick,
Senior Contributor.
AI a job killer? While AI gets partially the blame for headline-grabbing layoffs such as Amazon shedding 14,000 employees, it’s notable that more than five million people still get hired monthly within the United States. The latest figure from the Bureau of Labor Statistics puts the hiring rate at 5,126,000 for the month of August.
Less than two in 10 executives, at most, foresee job cuts as a result of AI in their own organizations, according to the authors of a new study of 800 business leaders out of University of Pennsylvania’s Wharton School and GBK Collective. If anything, 40% expect AI to help boost hiring of entry-level jobs, while another 40% say their hiring patterns will not change. Only 18% foresee AI decreasing entry-level job opportunities. Likewise, 33% of executives expect AI to increase hiring of executives, and another 54% expect no effect on the sizes of their executive staffs.
This is the third year for this particular study, conducted by Wharton’s Human-AI Research (WHAIR) center.
