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<\/a> College grads’ exposure to AI automation \u00b7 Goldman Sachs and MIT <\/p>\nAt the same time, degree holders are heavily concentrated in specialized white-collar fields such as legal, architecture, and engineering, where roughly 40% of daily tasks are considered highly automatable. <\/p>\n
Long-term, however, the researchers are more optimistic about the job prospects for young entry-level workers. <\/p>\n
“First, higher AI adoption does not necessarily imply greater risk of job displacement because AI can also augment labor and boost employment growth in many occupations, not just substitute for it,” said the report. <\/p>\n
Second, the researchers expect AI to create new jobs that will partly offset the positions it replaces, much as past technological advances have done. <\/p>\n
The report also noted “younger workers most at risk from the erosion of entry-level positions have historically adjusted more quickly to technology-induced shifts in labor demand.” <\/p>\n
Young adults entering college are already adjusting to the AI-driven shift in the labor market. Students are pulling back from once-popular majors like computer and information sciences<\/a> while gravitating toward fast-growing fields such as healthcare. <\/p>\n Ines Ferre is a Senior Business Reporter for Yahoo Finance covering the US stock market and economy. <\/p>\n