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Goldman Sachs: Workers who lose their jobs to AI are still paying the price years later.
Goldman Sachs found tech-displaced workers earn 3% less than other displaced workers on average.
KEY POINTS
- AI-driven job losses can suppress real earnings growth for a decade compared to other job losses.
- Tech-displaced workers face elevated unemployment risk for up to 10 years after initial displacement.
- AI has reduced new job growth by about 16,000 payrolls per month in the past year.
- Retraining after tech-driven job loss increases real wage growth and reduces unemployment risk.
COMPANIES
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