Artificial intelligence is reshaping the US job market — and young tech workers are feeling the brunt of it.
“It is true that AI is starting to show up more clearly in the data,” wrote Jan Hatzius, Goldman Sachs’ chief economist, in a Monday note.
Goldman’s analysis shows that the tech sector’s share of the US employment market peaked in November 2022 — when ChatGPT was launched — and has since fallen below its long-term trend.
The impact has been especially sharp for young tech workers. The unemployment rate for 20- to 30-year-olds in tech has risen by nearly 3 percentage points since early 2024, over four times the increase in the overall jobless rate.
