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2026-05-26 09:54:04
[Goldman Sachs CEO Solomon: AI Will Not Cause Job Doomsday, It Will Create New Jobs and Increase Productivity] (1) In a New York Times commentary, Solomon stated that the fears about AI causing "job doomsday and mass unemployment" have been exaggerated. He believes that AI will not destroy jobs on a catastrophic scale, but will instead increase worker productivity, shift employees to higher value-added tasks, and create new jobs around the management, implementation, verification, and regulation of AI systems. (2) He acknowledged that the labor market will face shocks, but pointed out that the US economy has absorbed technological shocks many times in the past, with overall employment and living standards continuing to improve. For example, this year alone, hyperscale cloud service companies plan to invest $700 billion in capital expenditures, which has already led to a surge in jobs in the construction industry. (3) Solomon cited predictions from Goldman Sachs economists that AI may automate 25% of current working hours in the next decade, and white-collar industries such as banking, law, accounting, software development, and customer service will face the biggest impact.
