business / news / / Times of India
Goldman Sachs warns that losing a job due to artificial intelligence could have long-term financial impact.
Goldman Sachs found AI-driven job loss leads to lower earnings and slower career growth for years.
KEY POINTS
- Workers displaced by technology experience a 3% drop in real earnings compared to other displaced workers.
- AI-related changes have already reduced US job growth by about 16,000 jobs per month in the past year.
- Retraining after AI-related job loss increases wage growth by 2 percentage points over 10 years.
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