Study Shows AI Hitting Paychecks, Not Payrolls

Torsten Slok, Apollo's chief economist, analyzed hundreds of occupations and found that jobs with higher exposure to AI have experienced weaker wage growth compared to other sectors, while employment levels in those roles remained relatively stable. Slok also noted that AI adoption has coincided with record business formation. Diane Gherson, former IBM chief human resources officer, said companies are determining which tasks to automate, which employees to retrain, and whether cost savings from AI will result in layoffs, reduced hiring, or workforce development programs.

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