Goldman Sachs Put a Number on AI Job Loss. Workers Already Knew It Was Worse.

Goldman Sachs arrived at a number that sounds reassuring — a 0.1 percentage point increase in unemployment, AI displacement and augmentation netting to a modest drag on payrolls — and the framing around it has done predictable work. Modest net losses are easier to policy-plan around than structural dislocations. But the Goldman report contains its own contradiction: the bank uses the phrase 'scarring effect' to describe what happens to workers after displacement, a term that does not appear in reassuring economic outlooks. , with…