Key facts
- Goldman Sachs' baseline scenario projects nearly 10% of US workers could be displaced by AI.
Goldman Sachs: AI could displace nearly 10% of US workers
IN SHORT
Goldman Sachs economists estimate that artificial intelligence could displace up to 9% of US workers, equivalent to about 15 million people, in their baseline scenario. The bank's chief economist, Jan Hatzius, noted that AI adoption may accelerate during an economic downturn, potentially amplifying job losses.
Key Numbers
9%US workers displaced by AI in Goldman Sachs' baseline scenario
15 millionUS workers whose jobs could be disrupted by AI
15%Projected rise in productivity in US and developed economies due to AI
21%Announced layoffs citing AI as the top reason in September
29%Job cuts in the tech sector in September
Who's Involved
Goldman Sachs
sees nearly 10% of US workers displaced by AI
Jan Hatzius
chief economist at Goldman Sachs who authored the report
↳ Why This Matters
Goldman Sachs' projections indicate a significant potential impact of AI on the US labor market, with implications for employment levels and economic stability. The analysis suggests that job displacement could be amplified during economic slowdowns.