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Goldman Sachs: AI may displace 1 in 11 workers, but layoffs await recession

By PulseAugur Editorial · [2 sources] ·

Goldman Sachs economists predict that artificial intelligence could displace up to 9% of the U.S. workforce, approximately one in 11 workers, over the coming years. However, they suggest that significant AI-driven layoffs are unlikely to occur until a recession hits. Historically, companies tend to automate and reduce staff during economic slowdowns, a pattern that could be amplified by AI's impact on the labor market. AI

IMPACT Suggests AI's impact on employment may be cyclical, accelerating during economic downturns rather than immediately.

RANK_REASON Analysis from a financial institution about the potential impact of AI on the labor market, rather than a direct release or product announcement.

Read on Mastodon — sigmoid.social →

AI-generated summary · Google Gemini · from 2 sources. How we write summaries →

Goldman Sachs: AI may displace 1 in 11 workers, but layoffs await recession

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Analysis from a financial institution about the potential impact of AI on the labor market, rather than a direct release or product announcement.
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COVERAGE [2]

  1. Fortune TIER_1 English(EN) · Nick Lichtenberg ·

    AI could displace one in 11 workers, Goldman says, but the layoffs are likely waiting for a recession

    Goldman’s Joseph Briggs finds companies have historically saved automation layoffs for downturns and he's updating his projection of the AI jobs impact.

  2. Mastodon — sigmoid.social TIER_1 English(EN) · [email protected] ·

    https://www. europesays.com/3325624/ AI could displace one in 11 workers, Goldman says, but the layoffs are waiting for a recession # AI # ArtificialIntelligenc

    https://www. europesays.com/3325624/ AI could displace one in 11 workers, Goldman says, but the layoffs are waiting for a recession # AI # ArtificialIntelligence # GoldmanSachsGroup # jobs

    LINKS europesays.com/3325624

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