Goldman Sachs Put a Number on AI Job Loss. Workers Already Knew It Was Worse.
Goldman's net-loss figure understates the human cost: displaced workers face years of lower pay, and the jobs being created are not the ones being destroyed.
- AI is cutting a net 16,000 U.S. jobs monthly, but the headline figure obscures a decade-long wage penalty for displaced workers.
- Oracle's payroll-to-AI-infrastructure pivot shows that companies are cutting from strength, not distress — a different logic than previous tech downturns.
- Entry-level and young workers are absorbing the brunt of displacement, eliminating the traditional career on-ramp before the promised new jobs exist.