Job market: Job killer AI? Worse chances, especially for young professionals
A new indicator from the Ifo Institute shows the impact of AI on 140 different occupations – broken down by age group. The entry of young professionals into the workforce serves as an early warning system for the job market.
Berlin – Fear of Artificial Intelligence (AI) becoming a job killer is widespread, with predictions ranging from negative to dire. To evaluate AI's impact specifically on 140 professions, separated by age groups, the Munich Ifo Institute has developed a new indicator. So far, it appears that AI's growing use in companies primarily affects young jobseekers: in professions exposed to AI, their chances have been declining.
"We don't see widespread job cuts due to AI yet," explains Ifo President Clemens Fuest. The indicator compares employment and hiring in these professions based on age groups and relates it to the extent to which AI plays a role in each profession today. The indicator reveals that in the professions least exposed to AI, employment decreased by 6.4 percent since the third quarter of 2022.
In contrast, employment in the professions most affected by AI has even grown by a total of 1.8 percent.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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