AI boom’s US employment, wage impact muted so far, ECB study finds

The European Central Bank (ECB) study suggests that while artificial intelligence (AI) deployment has increased, its impact on overall U.S. employment and wages has been modest.
U.S. firms have invested heavily in AI, raising concerns about jobs being replaced and affecting the labor market.
The U.S. economy has adjusted to the AI boom by reallocating jobs from vulnerable sectors to other segments over recent years.
Employment in jobs highly susceptible to AI substitution, such as economists or graphic designers, has seen a decline, while jobs less affected, like electricians or high school teachers, have increased.
The share of high-risk jobs decreased from 35% to 33%, and low-risk jobs increased from 23% to 25% in U.S. employment from 2019 to 2025.
The study found no significant income effects due to AI substitution so far but acknowledges that wage impacts may become more apparent as AI tools become more advanced in the future.

You may have missed