Federal Reserve Study Links ChatGPT's Launch to 50% Drop in U.S. Programming Job Growth
A Federal Reserve study by economists Leland D. Crane and Paul E. Soto found U.S. programming job growth fell roughly 50% after ChatGPT launched in November 2022, with an estimated 500,000 developer positions never filled — the first Fed-level research to link AI adoption to an occupation-specific hiring decline....