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News » AI job threat may hit millennials hardest: Chadix survey

AI job threat may hit millennials hardest: Chadix survey

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NEW JERSEY, UNITED STATES — A recent study conducted by Chadix reveals the potential job risks posed by AI for various generations, with Millennials facing the highest threat. 

This survey involved 2,278 business leaders, entrepreneurs, and professionals, delving into the careers most susceptible to AI-driven changes

As AI continues to advance, industries such as marketing and finance are increasingly automating tasks like data analysis and project management, putting Millennial careers in jeopardy. 

Susan Lindeque, CEO of Avestix Group, supports these findings, as top banks like Citigroup Inc., JPMorgan Chase & Co., and Goldman Sachs Group Inc. plan to eliminate up to 200,000 jobs globally due to AI integration.

Generational differences in AI vulnerability

The survey results indicate disparities in how different generations will be affected by AI. 

  • Generation Z (12-27 years): Representing 25% of the survey, Gen Z is seen as vulnerable due to their entry-level roles in sectors like customer service, which are prone to automation. However, their tech-savviness may offer some resilience.
  • Millennials (28-43 years): With 38% of leaders identifying this group as most at risk, Millennials’ mid-level roles in automation-heavy industries spell higher displacement risks.
  • Generation X (44-59 years): About 20% of leaders see Gen X as moderately at risk, with their technical and operational roles facing challenges from rapid technological advances.
  • Baby Boomers (60-78 years): Least affected, with only 10% citing impact, mostly because many are nearing retirement or hold senior positions difficult to automate.

Adapting to an AI-driven future

The study also ranks job fields by their vulnerability to AI, with administrative roles, customer support, and marketing facing the highest threats due to automation potential. 

On the other hand, areas like management and technical/engineering, while affected, still demand significant human expertise.

Danny Veiga, founder of Chadix, emphasizes the mixed implications of AI: “These findings shouldn’t be interpreted as a death knell for Millennial careers. Rather, they highlight the urgent need for targeted upskilling and strategic career pivoting within this demographic. The key is to embrace AI as a tool for enhancement rather than viewing it solely as a threat.”

A Udacity survey found that Millennials are indeed at the forefront of integrating AI in the workplace. Over half believe AI has significantly improved their decision-making abilities (55%), alleviated stress levels (53%), and boosted creativity (53%). This generational group also sees AI as a tool to potentially increase revenue, with 54% affirming this belief.

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