Goldman Sachs Says AI Cost US Economy 16,000 Jobs Per Month
Goldman Sachs research indicates AI has reduced US monthly payroll growth by approximately 16,000 jobs.Summary
New research from Goldman Sachs economist Elsie Peng reveals that AI has trimmed US monthly payroll growth by roughly 16,000 jobs over the past year, contributing to a 0.1 percentage point increase in the unemployment rate. The study distinguishes between roles where AI substitutes for human workers and those where it augments them.
Occupations facing the highest substitution risk include telephone operators, insurance claims clerks, and bill collectors. This displacement disproportionately affects younger, less experienced workers who often occupy entry-level positions. Conversely, AI has added approximately 9,000 jobs per month in sectors where it augments human capabilities, such as education, legal services, and construction management.
The net impact remains a complex question. While AI causes displacement in certain administrative roles, it also drives productivity gains and demand in others, a phenomenon described by the Jevons paradox. The report notes that current estimates may even understate the net effect by not fully accounting for jobs created by data center construction and broader productivity-driven hiring.
(Source：BeInCrypto)