# Artificial Intelligence Is Not Yet Significantly Changing the Job Market

According to Bridgewater Associates' forecast, artificial intelligence will not cause mass job losses this year. This process is being hindered by a deficit in computing power and a stable economic environment.

According to data from the U.S. Bureau of Labor Statistics, fewer than 20% of American companies use artificial intelligence, which is primarily concentrated in the technology and professional services sectors. According to the research, more than 90% of companies that already possess this technology have not reduced their staff over the past six months, and in some cases, the number of employees has even increased. Nevertheless, there are certain risks, including the possible escalation of the Iran conflict and high costs of investing in artificial intelligence. According to experts, if artificial intelligence does not quickly reduce employment, the Federal Reserve will face more difficulty in fighting inflation. Under conditions of a strong labor market, it is harder to reduce price pressures.

Source: Investing.com