I'm the CEO of Goldman Sachs. The AI Job Apocalypse Is Overblown

hiroto_lemon

Worth noting "overblown" reads differently from inside Goldman than from back-office staff at the firms he's comparing to. Junior analyst displacement is the actual story being skipped.

rvz

> One camp sees a “job apocalypse” and mass unemployment ahead; the other sees a great leap forward for society. Both outcomes can be true at the same time. I am also assuming he has read the WEF's Future of Jobs Report 2025 [0] with the deadline of 2030 which includes mass layoffs which 40% of employers admittedly are anticipating reducing their workforce where AI can automate tasks. So it is not an either or and I made this prediction years ago which is unfortunately true. [1] > But the United States has a long track record of creating new jobs in response to disruption, from the electrification of the 1900s to the digital revolution of the 1990s; I don’t see any reason to think this dynamic will stop now. Again, they are not telling the workers what those "new jobs" are? (Of course they won't). At that point, that was everything I needed to know and stopped reading further. [0] https://www.weforum.org/publications/the-future-of-jobs-repo... [1] https://news.ycombinator.com/item?id=42490692

dartharva

This article is a whole lot of nothing, feels like just an excuse to feature Goldman CEO on the publication for prestige value.

root-parent

My CEO spends all his time playing golf, and banging his secretary. Delegates all decisions and shows up at the office only for the board meetings. Can AI match this?

qsxfthnkp2322

Of course some guy who is out of touch with reality is trying to say everything is fine while he wipes his ass with 1000$ bills. Meanwhile we are all here laid off without any income trying to wonder how we will survive when we inevitably need to use healthcare that this rich class has taken away from us.