Artificial intelligence "drives" young people out of work - Jobs for 22-25 year olds have been reduced by 13%
The growing use of generative artificial intelligence is significantly impacting job prospects for American workers, according to a study by three Stanford University analysts.
The report shows that there is “early and large-scale evidence consistent with the hypothesis that the technology revolution is beginning to have a significant impact on workers at entry-level jobs in the US.”
Notably, the study found that employees aged 22–25 working in occupations most exposed to artificial intelligence, such as customer service, accounting, and software development, have experienced a 13% decline in employment since 2022.
In contrast, employment for people with more experience in the same fields, or for those in occupations less exposed to AI, has remained stable or increased. For example, jobs for younger healthcare assistants have increased faster than for older ones.
The potential impact of technology on the job market has been a concern across industries and age groups, but the Stanford study suggests the effects will not be uniform. The researchers ruled out factors that could skew the data, such as education level, remote work, outsourcing, and broader economic changes that could influence hiring decisions.
According to the report, the results may explain why national employment growth for young workers has been slow, while overall employment has remained stable since the pandemic period.
Young workers are particularly vulnerable because artificial intelligence can more easily replace “codified knowledge” or theoretical lessons learned through school, but has more difficulty replacing knowledge gained through years of experience.
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