Goldman Sachs predicts AI-driven labor displacement will accelerate during recessions
- 1Joseph Briggs stated that concerns regarding AI-related labor displacement have cooled in recent months.
- 2Under Goldman Sachs' projection that AI will eventually increase productivity by 15%, a potential labor displacement rate of up to 9% of workers is indicated.
- 3David Merkle and Pierfrancesco Mei said the full impact of AI on the labor market may not manifest until a recession occurs.
So what's the key point?
Goldman Sachs suggests that the phenomenon of artificial intelligence replacing human labor could speed up when a recession hits. This means that while AI could increase productivity by 15%, there is a possibility it could replace 9% of workers.
Source Fortune · View original ↗
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