Study provides 'early evidence' that AI could be holding back US wage growth and reducing living standards

• Highly exposed occupations are seeing less wage growth due to AI productivity gains
• 5.8 million US workers are considered to be working in these roles
• The impacts could lead to reduced living standards

While sceptics have been warning of mass layoffs for years, a new report reveals that AI could actually be leading to weaker wage growth instead of human replacement.

US wage growth is already slowing compared with inflation, and a new study by Apollo Global Management has proposed that AI could be to blame.

According to the data, real wage growth in highly exposed occupations has been around 6.7 percentage points lower than less-exposed occupations since 2023, while employment itself is largely no different.

What are the real implications of AI on jobs?

The white paper estimates that 5.8 million US workers, or around 3.7% of the US labor force, works in highly exposed jobs, and this is...

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