The new technology is slowing wage growth, especially among lower-paying occupations, a new study finds.
Apollo's Labor Department analysis shows AI cuts wage growth 6.7 points in high-exposure jobs post-ChatGPT, disproportionately hitting lower earners. For tech leaders, AI adoption's real threat is wage suppression and retention risk, not job replacement—a subtler but economically sharper impact.
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Illustration: Aïda Amer/Axios
The AI job apocalypse may need a rebrand — a new white paper finds that rather than triggering full-scale job losses, the new technology is slowing wage growth, especially among lower-paying occupations.
Why it matters: In other words, you get to keep your job, but you'll make less money doing it.
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Software and customer service are most at risk right now and could be the canary in the coal mine.
