AI poses greater threat to college grads than people without degrees

Back In 2000, Goldman Sachs employed 600 people to execute stock trades for the investment bank's major clients. By 2017, that workforce had reportedly dwindled to just two traders -- the others had been replaced by automated trading systems that can handle millions of transactions per minute. The rise of artificial intelligence threatens many more college-educated workers as the technology becomes more sophisticated and is more widely adopted by a range of industries, according to a new Brookings Institution analysis. In fact, the researchers say, AI is five times as likely to displace college grads than those without a degree. The research "suggests that better-educated, better-paid workers (along with manufacturing and production workers) will be the most affected by the new AI technologies, with some exceptions," write Mark Muro, Jacob Whiton and Robert Maxim of Brookings.