The rapid adoption of artificial intelligence has so far had only a limited impact on overall employment and wages in the United States, despite concerns that the technology could replace large numbers of workers, according to a study released by the European Central Bank (ECB) on Monday.
Companies have invested heavily in AI in recent years, fuelling fears of widespread job displacement and rising inequality as automation expands across industries.
However, the ECB said current data suggest those concerns have yet to materialise on a broad scale, although some groups of workers—particularly junior employees in sectors most exposed to AI—remain vulnerable.
The study found that the US labour market has gradually adapted to the AI boom, with jobs displaced in highly exposed industries being reallocated to other sectors, leading to a slow but ongoing reshaping of employment patterns.