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Fears that artificial intelligence will replace human labor over the next few years may not be as widespread among finance professionals as they are among the general public.
While Americans’ general concerns about AI have risen in recent years according to the polling company Gallup, some industry leaders report the technology has not yielded widespread reductions in headcount so far. And there are signs finance executives expect the tool to yield opportunities to reshape the workforce in a positive way.
In total, 71% of U.S. adults surveyed stated they believe AI will lead to fewer jobs over the next 20 years, according to the results of a June poll from Gallup, a sentiment that increased seven percentage points since 2024. Just 5% stated AI would result in more jobs, while 10% said the technology would not make much of a difference.
But AI has not led to “consistent reductions in overall workforce size,” according to a recent report from analytics firm Gartner. Rather, the impact AI has had on team composition differs from function to function, the report stated, even increasing the demand for higher-skilled roles in some cases.
