A recent report from Goldman Sachs reveals that artificial intelligence is significantly impacting young technology professionals in the United States, with unemployment rates for workers aged 20 to 30 rising sharply as companies increasingly automate roles and reduce entry-level hiring. The data shows that joblessness among early-career tech workers has grown by nearly three percentage points since the start of the year, a rate more than four times higher than the national average.
The rise in unemployed junior tech professionals comes as businesses not only automate technical positions but also roles in fields such as legal, marketing, and human resources. The adoption of AI is shrinking the availability of these entry-level jobs, affecting a broader range of industries beyond just technology.
Gen Z men are particularly bearing the brunt of these changes, with fewer opportunities available in sectors that traditionally offered growth and stable employment. The report underscores that for those just starting their careers, the disruption caused by AI is not a future concern but a present reality, fundamentally altering the hiring landscape for new graduates and young professionals.
