Rakesh Kochhar is a senior researcher at Pew Research Center. He is an expert on trends in employment, income and wealth. His research has focused on the American and global middle classes and the economic well-being of white, black, Hispanic, Asian and immigrant workers. Prior to joining Pew Research Center, he was senior economist at Joel Popkin and Company, where he served as a consultant to government agencies, private firms, international agencies and labor unions. Kochhar received his doctorate in economics from Brown University. He has appeared on numerous media outlets, including NPR, CNN, MSNBC and Fox News. He has testified before Congress and regularly speaks at professional, academic and business conferences.
About one-in-four Black households and one-in-seven Hispanic households had no wealth or were in debt in 2021, compared with about one-in-ten U.S. households overall.
In 2022, 19% of American workers were in jobs that are the most exposed to artificial intelligence, in which the most important activities may be either replaced or assisted by AI. Women, Asian, college-educated and higher-paid workers have more exposure to AI, but workers in the most exposed industries are more likely to say AI will help more than hurt them personally.
The difference between the earnings of men and women has barely closed in the United States in the past two decades. This gap persists even as women today are more likely than men to have graduated from college, suggesting other factors are at play such as parenthood and other family needs.
Roughly one-in-five workers say they are very or somewhat likely to look for a new job in the next six months, but only about a third of these workers think it would be easy to find one.