Goldman Sachs economist warns Gen Z tech workers are first on the chopping block as AI shows signs of shaking up the labor market
The unemployment rate for young people between 20 to 30 years old in the tech sector has increased by about 3% since the beginning of the year, according to Joseph Briggs, senior global economist of Goldman Sachs' research division.
Without the leadership of the red-hot U.S. tech sector, the S&P probably wouldn't be making new highs right about now, especially as the tariff deadline looms.
"In the years since the pandemic, cross-border hiring has flourished due to persistent talent shortages, particularly in the tech sector, which has seen significant shifts."