AI Jobs

The top explanation employers give for layoffs over the last four years is not Chinese competition, government regulation, or even inflation. It’s artificial intelligence, which entered its modern phase when ChatGPT launched Nov 30, 2022. AI was blamed for 193,226 layoffs nationwide or 20% of the total since the start of 2023, according to outplacement firm Challenger Gray & Christmas. But layoffs are just part of the picture. AI may hit hardest on people who never get hired at all. In Texas, for example, the Dallas Federal Reserve said hiring ads for jobs most vulnerable to AI competition fell 8% from the end of 2023 through the first part of 2025. Nationwide, 2.7 million to 19.5 million jobs could be lost to AI, according to an AI-impact tracker developed by Tufts University. The median estimate is 9.5 million jobs lost. Total annual wages at risk could range from $200 billion to $1.5 trillion, with $750 billion as the midpoint.

This excerpt comes from the named source. Read the original for the full reporting.