PremiumScarred For Life: Goldman Finds Workers Displaced By AI Stay Jobless Longer, Then Land In Jobs AI Will Take Next
Three and a half years ago, we said AI would come for the white-collar workforce.
Back in March 2023, when ChatGPT was still a novelty and Nvidia was a $650 billion company, we wrote up a Goldman report which found that "roughly two-thirds of current jobs are exposed to some degree of AI automation," and that generative AI "could expose the equivalent of 300 million full-time jobs to automation." Our translation at the time, in "AI Will Lead To 300 Million Layoffs In The US And Europe" (Mar 29, 2023), was blunt: "Think of it as the robotization of the service sector."