Goldman Sachs Warns of Jobless Growth Amid AI-Driven Changes
TL;DR Summary
Goldman Sachs economists warn that the U.S. is entering a period of 'jobless growth' driven by AI and demographic trends, leading to a 'low-hire, low-fire' labor market with limited job creation despite steady GDP growth, which could persist and pose challenges for policymakers and workers alike.
- Goldman economists on the Gen Z hiring nightmare: ‘Jobless growth’ is probably the new normal Fortune
- Goldman Sachs Tells Staff It Plans to Cut More Jobs This Year Bloomberg.com
- Goldman Sachs warns of looming layoffs as AI reshapes Wall Street giant’s operations New York Post
- Goldman Sachs Makes AI the Centerpiece of Q3 Earnings PYMNTS.com
- Goldman Sachs warns of 'jobless growth' in the US as AI fuels output but not jobs Business Insider
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
5 min
vs 5 min read
Condensed
95%
989 → 46 words
Want the full story? Read the original article
Read on Fortune