New economic analysis by Goldman Sachs reveals a bifurcated picture of artificial intelligence’s impact on the workforce, finding that while the technology’s role in current layoffs remains modest and unproven across the broader economy, companies focusing on AI in their workforce discussions have sharply curtailed their job openings this year.
The findings, drawn from an analysis of Q3 corporate earnings commentary and results by senior economist Ronnie Walker, were drawn from management commentary and results across nearly all the S&P 500. It showed that a relationship between overall labor market outcomes and AI exposure at the economy-wide level has yet to be established. But it also showed something else.
