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I'm the CEO of Goldman Sachs. The AI Job Apocalypse Is Overblown
Goldman Sachs CEO dismisses widespread AI job apocalypse fears, asserting the US economy has a strong history of creating new jobs through disruption.
What: Goldman Sachs CEO argues that while AI will disrupt the job market, the US economy has a track record of adapting and creating new jobs, citing over 200,000 construction jobs from data center demand since 2022.
Why it matters: This reflects a common debate among industry leaders regarding AI's impact on employment, with a significant financial institution taking a pragmatic, optimistic stance on economic adaptability.
Original article
AI will absolutely disrupt the job market, but the US has a long track record of creating new jobs in response to disruption. The growing demand for data centers has created more than 200,000 construction jobs since 2022. AI may eliminate jobs in some sectors, but it will lead to growth in others. The US economy can and will adapt to major advances in technology.
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