Morgan Stanley: AI Job Replacement Effect Still Limited but Increasing

BlockBeats News, August 20th, Morgan Stanley economists stated in a report that the job displacement in the U.S. due to AI remains relatively small, but the trend is becoming increasingly evident.

As of June 2026, the impact of AI substitution on the U.S. unemployment rate is at most about 15 basis points, up from 10 basis points in December 2025. Signs of substitution are still most pronounced among young workers.