AI Slows Wage Growth by 6.7%, Spares Job Market, Study Finds on August 5

According to Fortune China, a new study by Apollo Global Management revealed on August 5 that AI's earliest measurable harm is wage stagnation rather than unemployment. Using real-time Claude usage data from Anthropic's economic index, researchers found that since 2023, employees in high-AI-exposure roles saw wage growth slow by 6.7 percentage points compared to low-exposure roles, with no statistically significant impact on employment figures.

The impact concentrates heavily on lower-income groups: the lowest income quartile faced 10.7% wage declines, while service sector workers experienced 24.3% drops. High-income earners showed no significant statistical impact. Approximately 5.8 million U.S. employees in high-exposure roles face ongoing wage pressure, translating to an estimated $28 billion in annual labor income losses, with authors expecting the figure to rise further.