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Goldman Sachs: AI has improved US labor market mismatch since ChatGPT

By PulseAugur Editorial · [1 sources] ·

Goldman Sachs economists report that the U.S. labor market's job mismatch has improved since ChatGPT's launch, contrary to widespread fears of AI-induced job destruction. They argue that AI's initial impact has been to fill existing labor shortages in highly automatable roles, rather than creating widespread unemployment. However, a separate analysis from the New York Fed suggests that AI exposure has had little link to declining job postings, and that the drop in postings for high-exposure roles predated ChatGPT. AI

IMPACT AI's role in the labor market is debated, with new analyses suggesting it may be filling existing shortages rather than solely displacing workers.

RANK_REASON The article discusses economic analyses and their implications for the labor market, rather than reporting on a new AI release or core AI research.

Read on Fortune →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Goldman Sachs: AI has improved US labor market mismatch since ChatGPT

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The article discusses economic analyses and their implications for the labor market, rather than reporting on a new AI release or core AI research.
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COVERAGE [1]

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

    Goldman Sachs: The U.S. labor market is healthier now than when ChatGPT launched. Yes, really

    Goldman finds AI reduced job openings in the fields that needed it most—accidentally easing a historic mismatch. There's another traffic jam ahead.

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