AI Drives Tech Layoffs but Boosts Salaries Across Industries Study Finds

What Happened

A recent study reported by Fortune reveals that artificial intelligence is fueling mass layoffs within the tech sector, but it is also responsible for a significant increase in salaries outside of tech. While many technology companies are cutting jobs due to automation and the adoption of AI tools, other industries are benefiting. The study found an average annual wage increase of 18000 dollars for workers in sectors making use of AI, showing that its deployment is both disruptive and lucrative depending on the field. The research highlights a growing divide in AI\’s impact on employment and compensation across markets.

Why It Matters

This study underscores how the rise of AI is reshaping the global workforce. It presents a stark contrast between job losses in the tech sector and higher earnings in other fields. As AI adoption spreads, understanding these trends becomes crucial for employees and businesses planning for the future. Read more in our AI News Hub