Wall Street’s most-watched economics team has a warning for workers displaced by AI: The damage could last for years. But in a surprising twist, the people most expected to bear the brunt of the coming disruption—recent college graduates—may actually be the best equipped to weather it.
In a research note published Monday, Goldman Sachs economists Pierfrancesco Mei and Jessica Rindels drew on four decades of individual-level data to assess what they call the “scarring” effects of technological displacement on U.S. workers. Their verdict is sobering. Workers whose jobs are eliminated by technology don’t just struggle in the short term—they can spend the better part of a decade fighting to recover.
