Source: New York Post
Workers displaced by artificial intelligence and other tech take longer to find new jobs — and when they do, they’re stuck earning less for years, a new study found. People hit by tech-driven layoffs spend roughly a month out of work and suffer pay cuts of more than 3% on averge when they land new roles — losses that compound over time, according to researchers at Goldman Sachs. Laid-off workers who lost jobs due to tech see earnings growth lag by nearly 10 percentage points compared to those who were never laid off — a pattern Goldman warns could repeat as AI reshapes the labor market.
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