Goldman Sachs: AI could displace about 9% of workers, with losses likely bunched into the next recession
A new Goldman Sachs note by economist Joseph Briggs estimates AI could eventually displace up to 9% of workers in the US and other rich economies, plus about 3% more from slower hiring. Using past technology shocks, it argues such losses stay muted in expansions and accelerate sharply in downturns, while only 23% of US establishments use AI routinely today.
Why it matters
Suggests the low AI layoff count so far may understate future displacement, which could arrive abruptly when the economy turns.
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