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Goldman Sachs: AI Job Losses Could Cut Earnings by 3%

4/7/2026

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Summary

Story summary

Goldman Sachs researchers warn AI-driven job losses could have negative effects on workers, including a 3% cut in real earnings.
Displaced workers may take longer to find new jobs, and the impact worsens during recessions.
Retraining programs mitigate effects, yielding a 2% rise in wage growth and a 10% decrease in unemployment probability over ten years.
The analysis emphasizes skill upgrades to improve job prospects in a changing labor market.

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Story summary

Goldman Sachs researchers warn AI-driven job losses could have negative effects on workers, including a 3% cut in real earnings.
Displaced workers may take longer to find new jobs, and the impact worsens during recessions.
Retraining programs mitigate effects, yielding a 2% rise in wage growth and a 10% decrease in unemployment probability over ten years.
The analysis emphasizes skill upgrades to improve job prospects in a changing labor market.