AI could automate 93% of US job tasks, potentially shifting USD 4.5tln in labour costs, according to a study
"A new study finds AI could handle parts of 93% of U.S. jobs, potentially shifting $4.5 trillion in labor costs. Researchers analyzed 18,000+ tasks across 1,000 jobs, with software development, finance, management, legal, and office roles most affected. Cognizant CTO Babak Hodjat notes adoption is uneven, but rapid AI breakthroughs—like multimodal and agentic AI—are accelerating automation. Some physical and care jobs, like construction and healthcare support, see smaller but growing AI impact. Impact doesn’t mean job loss: AI augments human work, improving efficiency and output. Globally, AI could influence $15 trillion in labor value, with its capabilities expanding fast."
This study highlights the potential for AI to significantly transform the labor market in the U.S. by automating a large portion of job tasks, which could result in a $4.5 trillion shift in labor costs. While this presents both risks and opportunities, the uneven adoption of these technologies suggests that not all sectors will be affected equally, with implications for productivity, economic growth, and ultimately currency dynamics, particularly for the USD vs EUR, JPY, and GBP.