Study Shows AI Hitting Paychecks, Not Payrolls

Source Summary

Apollo Chief Economist Torsten Slok's study of hundreds of occupations found that jobs with higher AI exposure have experienced weaker wage growth, while employment effects remain relatively small. Slok notes AI is also driving record business formation, which could create new jobs and increase economic dynamism. Former IBM HR chief Diane Gherson says companies are deciding which work to automate, which employees to retrain, and whether AI savings will come through layoffs, slower hiring, or reskilling.