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Goldman studied where AI is squeezing labor markets. Here's what it found

Cnbc · 🇺🇸 public United States · · 431 words · By Jenny Lee
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What to know about Goldman studied where AI is squeezing labor markets. Here's what it found

Artificial intelligence is starting to weigh on labor market across major developed economies, with effects varying across industries and seniority levels, according to Goldman Sachs.

Claims checked 11
Techniques found 0
Topics 0

Coverage spectrum

Coverage gap: Low Left coverage
Left0%
Center100%
Right0%

3 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Artificial intelligence is starting to weigh on labor market across major developed economies, with effects varying across industries and seniority levels, according to Goldman Sachs.

Why it matters

The Wall Street investment bank found in its research that industries with greater exposure to AI automation have generally seen slower job openings growth since the second half of 2022, with the relationship particularly pronounced in Germany, Australia and…

Common ground

Goldman said in its report published Wednesday that employment in information and communication services, among the industries most exposed to AI, has slowed across nearly all major developed economies since 2022.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

open_in_new Read the original article: https://www.cnbc.com/2026/08/19/goldman-ai-impact-employment-jobs.html

fact_checkClaims Checked

eFinder analyzed this article and checked 11 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 4
info Single Source 4
help Insufficient Evidence 2
schedule Pending 1
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Claim 1: “But for entry-level workers, the impact ranged between more than 0.6 percentage point (Australia) and over 0.2 percentage point (U.S.).”
CORROBORATED
Two independent sources (a report on Goldman Sachs job displacement and a report from Goldman Sachs via web search) confirm the specific drag figures for entry-level workers: >0.6 percentage points in Australia and >0.2 percentage points in the U.S.
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web search NEUTRAL — Entry-Level Worker Headcount Growth Drag (Annual Percentage Points): Australia: >0.6. United States: >0.2. France/Canada (Broader Market): 0.1 (for 10% AI occupational exposure).
https://stockxpo.com/2026/08/19/ai-labor-market-impact-volat…
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web search NEUTRAL — For entry-level workers, however, the estimated effect was considerably larger. Goldman Sachs calculated a drag of more than 0.6 percentage points in Australia and more than 0.2 percentage points in t…
https://opendatascience.com/goldman-sachs-finds-ai-hiring-pr…
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web search NEUTRAL — A separate Ramp study, “A New Look at AI’s Impact on Jobs,” which links its spending data with Revelio Labs workforce records for 21,559 U.S. firms, found high-intensity AI adopters grew headcount by …
https://techinformed.com/top-ai-adopters-are-spending-up-to-…
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Claim 2: “Employment in call centers, software publishing, management consulting and advertising has fallen sharply below its historical trend across developed markets”
CORROBORATED
Three independent web sources (LinkedIn, a news report on Goldman Sachs findings, and Newslit) all explicitly state that employment in call centers, software publishing, management consulting, and advertising has fallen sharply below historical trends across developed markets.
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web search NEUTRAL — "Employment in call centers, software publishing, management consulting and advertising has fallen sharply below its historical trend across developed markets, Goldman said.
https://www.linkedin.com/posts/drorfutter_goldman-studied-wh…
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web search NEUTRAL — In particular, employment in call centres, software publishing, management consulting and advertising has fallen sharply below its historical trend across developed markets, according to the firm’s fi…
https://businesschief.com/news/goldman-sachs-says-ai-is-impa…
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web search NEUTRAL — Employment in call centers, software publishing, management consulting and advertising services has fallen sharply below trend across developed markets. Entry-level workers appear particularly exposed…
https://newslit.co/industry/publishing
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Claim 3: “France, the U.S., the Netherlands and the U.K. are leading AI adoption, while Italy, Japan and New Zealand were among the developed economies at the lower end of adoption.”
INSUFFICIENT EVIDENCE
No evidence was provided for this claim after searching.
info
Claim 4: “Goldman analyzed employment growth across more than 800 occupations and found that AI-related headwinds were the strongest among entry-level workers.”
SINGLE SOURCE
The Future Media mentions that Goldman's analysis of more than 800 occupations found entry-level workers face the strongest pressure, but this specific detail (the 800 occupations count) is not corroborated by other independent sources in the provided set.
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wikipedia NEUTRAL — AI warfare refers to the use of artificial intelligence technologies to automate military operation and enhance or bypass human decision-making in armed conflicts. AI is used to rapidly analyze large …
https://en.wikipedia.org/wiki/AI_warfare
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wikipedia NEUTRAL — DuckDuckGo is an American software company founded by Gabriel Weinberg in 2008 that focuses on Internet privacy. Its flagship product is a search engine named DuckDuckGo. Its later products include br…
https://en.wikipedia.org/wiki/DuckDuckGo
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wikipedia NEUTRAL — The environmental impact of the design, training, deployment and use of artificial intelligence includes the greenhouse gas emissions from generating electricity for data centres and computing hardwar…
https://en.wikipedia.org/wiki/Environmental_impact_of_AI
+ 3 more evidence sources
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Claim 5: “Major emerging markets, meanwhile, had estimated adoption rates of between 10% and 15%.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
info
Claim 6: “industries with greater exposure to AI automation have generally seen slower job openings growth since the second half of 2022, with the relationship particularly pronounced in Germany, Australia and the U.S.”
SINGLE SOURCE
While a LinkedIn post mentions slower growth in job openings since 2022 and specific industry trends, the specific mention of Germany, Australia, and the U.S. as the most pronounced examples is not corroborated by a second independent source in the provided evidence.
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wikipedia NEUTRAL — The 2023 FIFA Women's World Cup was the ninth edition of the FIFA Women's World Cup, the quadrennial international women's football championship contested by women's national teams and organised by FI…
https://en.wikipedia.org/wiki/2023_FIFA_Women's_World_Cup
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wikipedia NEUTRAL — Great Wall Motor Company Limited (Chinese: 长城汽车; pinyin: Chángchéng Qìchē), trading as GWM, is a Chinese automobile manufacturer headquartered in Baoding, Hebei, China. Named after the Great Wall of C…
https://en.wikipedia.org/wiki/Great_Wall_Motor
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wikipedia NEUTRAL — The Pilatus PC-6 Porter is a single-engined STOL utility aircraft designed by Pilatus Aircraft of Switzerland. First flown in 1959, the PC-6 was produced at Pilatus Flugzeugwerke in Stans, Switzerland…
https://en.wikipedia.org/wiki/Pilatus_PC-6_Porter
+ 3 more evidence sources
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Claim 7: “Goldman combined 11 surveys measuring AI adoption across countries and found that major developed markets have adoption rates of roughly 15% to 20%.”
INSUFFICIENT EVIDENCE
No evidence was provided for this claim after searching.
info
Claim 8: “employment in information and communication services, among the industries most exposed to AI, has slowed across nearly all major developed economies since 2022.”
SINGLE SOURCE
The claim is explicitly stated in a Business Chief article referencing a firm's findings, but no other independent source in the provided evidence confirms this specific trend across major developed economies.
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wikipedia NEUTRAL — In most of the developed world, employees have some level of protection against arbitrary dismissal. However, in the United States, employment can be deemed contractual. Consequently, there is no prot…
https://en.wikipedia.org/wiki/At-will_employment
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wikipedia NEUTRAL — Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit…
https://en.wikipedia.org/wiki/Employment
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wikipedia NEUTRAL — Permanent employment is work for an employer for which the employee receives payment directly from that employer. Permanent employees do not have a predetermined end date to employment. In addition to…
https://en.wikipedia.org/wiki/Permanent_employment
+ 3 more evidence sources
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Claim 9: “Across the broader labor market, a 10% occupational exposure to AI was associated with only a 0.1 percentage point drag on annual headcount growth in France, Canada and the U.S.”
CORROBORATED
Three independent sources (a report on AI's Labor Market Impact, Dataconomy, and Hubbis Macro Corner) all confirm that a 10% AI exposure score is associated with a 0.1 percentage point drag on annual headcount growth in France, Canada, and the U.S.
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wikipedia NEUTRAL — An AI boom is a period of rapid growth in the field of artificial intelligence. The most recent boom happened in the 2020s before seeing increased acceleration and media coverage. Generative AI techno…
https://en.wikipedia.org/wiki/AI_boom
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wikipedia NEUTRAL — An artificial intelligence safety institute is a type of state-backed organization aiming to evaluate and ensure the safety of advanced artificial intelligence (AI) models, also called frontier AI mod…
https://en.wikipedia.org/wiki/Artificial_intelligence_safety…
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wikipedia NEUTRAL — OpenAI is an American artificial intelligence (AI) public benefit corporation (PBC) headquartered in San Francisco. It develops proprietary generative AI models, particularly its generative pre-traine…
https://en.wikipedia.org/wiki/OpenAI
+ 3 more evidence sources
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Claim 10: “Employment in the industry [call centers] is now below trend in the U.S., 39% lower, Canada, down 33%, and Germany 27% below trend”
CORROBORATED
Three independent sources (LinkedIn, The Deep View, and The Future Media) confirm the specific statistics: U.S. 39% below trend, Canada 33% below trend, and Germany 27% below trend for call center employment.
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wikipedia NEUTRAL — Canada and the United States have had a long and complex relationship that has had a significant impact on each other's history, economy, and culture. The two countries have historically considered th…
https://en.wikipedia.org/wiki/Canada–United_States_relations
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wikipedia NEUTRAL — "All I Wanna Do Is Make Love to You" is a song by American rock band Heart. It was composed by veteran songwriter and producer Robert John "Mutt" Lange and released as the lead single from the band's …
https://en.wikipedia.org/wiki/All_I_Wanna_Do_Is_Make_Love_to…
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wikipedia NEUTRAL — A call girl or female escort is a prostitute who (unlike a street walker) does not display her profession to the general public, nor does she usually work in an institution like a brothel, although sh…
https://en.wikipedia.org/wiki/Call_girl
+ 3 more evidence sources
info
Claim 11: “employment in these industries remains near or above its long-run trend outside the U.S.”
SINGLE SOURCE
The provided evidence discusses call center employment trends and entry-level pressure, but contains no information regarding whether employment in information and communication services remains near or above long-run trends outside the U.S.
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web search NEUTRAL — Call-center employment is now 39% below trend in the U.S., 33% lower in Canada and 27% lower in Germany. Goldman’s analysis of more than 800 occupations found that entry-level workers face the stronge…
https://thefuturemedia.eu/goldman-sachs-finds-ai-is-already-…
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web search NEUTRAL — ...exploring the ordinary affects of Facebook algorithms,' Information...
https://www.tandfonline.com/doi/full/10.1080/1369118X.2016.1…
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web search NEUTRAL — Apply for a PAN card online, update details, and check your application status easily with the Protean Online PAN Services Portal. Correct or change your PAN information.
https://onlineservices.proteantech.in/paam/endUserRegisterCo…
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.