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Story summary
- AI is reducing about 16,000 U.S. jobs per month, according to Goldman Sachs.
- Over the past year, 25,000 jobs were lost to AI while 9,000 were augmented.
- Entry-level administrative roles are most affected by AI-driven changes.
- Microsoft and Atlassian have announced significant layoffs citing AI efficiencies.
- Economists warn AI-related job losses could extend unemployment and depress wages, while younger workers may adapt but long-term effects could delay major life milestones.
