"For months, leaders from Ford CEO Jim Farley to the Federal Reserve Chair Jerome Powell have sounded the alarm that AI could wipe out entry-level jobs. Now, newly released data suggests they could be right: Since ChatGPT's rise, job postings across the U.S. have fallen by about 32%, according to data from the Federal Reserve, as employers increasingly turn to AI tools and automation to boost efficiency."
"Young workers appear to be bearing the brunt. A recent Stanford University report on AI's impact on employment echoes that Gen Z, in particular, have hit a wall. Although overall employment in the economy continues to grow, job postings for early-career workers aged 22-25 have experienced a 13% drop since 2022 in more AI-exposed fields. These professions, like software development and customer service representatives-once popular pathways for young workers-are in "substantial" decline, the report warned."
"But amid the bleak data, there's one bright spot: healthcare -and specifically, home health aides. The role ranks among the least AI-exposed occupations while also experiencing strong growth, with nearly 740,000 new home health aide positions expected to open up over the next decade, according to the U.S. Bureau of Labor Statistics. What's more, the field is one of the only areas where employment for young workers has actually been growing faster than for older workers."
Federal Reserve data show job postings across the U.S. have fallen about 32% since ChatGPT's rise as employers increasingly adopt AI tools and automation. Overall employment continues to grow while early-career job postings for workers aged 22–25 have dropped 13% since 2022 in AI-exposed fields. Roles such as software development and customer service representative positions have declined substantially. Home health aide roles rank among the least AI-exposed occupations and are projected to add nearly 740,000 positions over the next decade, with median annual pay about $35,000. These jobs typically require a high school diploma and short-term on-the-job training, and employment for young workers in home health care has been growing faster than for older workers. The COVID-19 pandemic highlighted shortages and burnout among frontline caregivers.
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