The rapid adoption of artificial intelligence (AI) may drive down wages, but so far it has created rather than destroyed jobs, especially for young and highly skilled workers, according to a study by the European Central Bank published on Tuesday and cited by Reuters and Agerpres.

Companies have invested heavily in artificial intelligence, so economists are trying to understand its impact on the labor market and the public’s fears about the future of jobs. At the same time, employers are unable to find skilled workers despite the recession in countries such as Germany, which usually eases the pressure on the labor market.

In a study of 16 European countries, the percentage of the workforce in sectors affected by artificial intelligence increased, with occupations requiring low and medium skills largely unaffected.

Instead, the number of jobs for highly skilled people has been significantly increased, the ECB says. The institution also cited a “neutral or weak negative impact” on revenues and warned that it could increase.

“These results are not an acquittal. AI technologies continue to develop and be implemented. Much of their impact on the labor market and wages – and therefore on growth and equality – remains to be seen,” the report said.

The findings differ from previous “technology waves,” when computerization led to a reduction in the “relative share of middle-skilled workers, leading to polarization,” according to a study by ECB economists.