New report claims AI is leading to job layoffs — but higher-level more educated workers are being hit hardest
- Report claims degree holders and tech sector workers continue to see AI-induced layoffs
- New unemployment tracker lays foundation for future employment laws
- Despite layoffs, new job opportunities remain elsewhere
A New California Policy Lab report has revealed artificial intelligence could actually be leading to a number of layoffs despite recent promises that the tech is creating new roles.
But the data points towards certain roles being more susceptible than others. Those with a bachelor's, master's or PhD degree in highly AI-exposed roles saw higher unemployment rates after ChatGPT was released in late 2022.
Insurance claims for unemployment among bachelor's degree holders rose more than 50% between November 2023 (13,000 claims per month) and July 2023 (22,000 claims per month). Claims have since fallen, but remain above earlier levels, standing at around 16,000 claims per month currently.
AI still causing some job losses
And California leads the way for AI-induced layoffs,...
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