From Startup Fortune · · 1m 20s
Goldman Sachs AI Could Displace 1 in 11 US Workers
Goldman Sachs estimates AI may displace 15 million US workers over a decade, one in eleven.
In brief
Goldman Sachs estimates AI may displace 15 million US workers over a decade, one in eleven. Goldman Sachs says AI could eventually displace 15 million US workers, about 9% of the workforce. Originally reported by Startup Fortune.
Goldman Sachs Research Estimate
Goldman Sachs Research estimates AI could eventually displace roughly 15 million US workers, about 9% of the workforce, over a decade.
Joseph Briggs Leads Analysis
Joseph Briggs, who leads Goldman's global economics team, released the latest research on October 22.
AI Job Losses Track Business Cycle
AI-driven job losses track the business cycle closely: companies absorb automation through attrition and hiring freezes during healthy economies.
Disruption Accelerates During Downturns
Automation-related disruption accelerates sharply during economic slowdowns, with job separations accounting for more employment decline than reduced hiring.
AI Enables Jobless Growth
The US economy has grown while job creation stays sluggish, as AI lets companies increase output without growing headcount.
Tech Companies Report AI Spending
Meta narrowed its 2026 capital expenditure forecast to $135 billion-$145 billion after spending $72.2 billion in 2025, while Tesla reported doubled capital spending to $4.7 billion.
AI Investment Creates Anxiety
Investors weighed AI spending plans after Meta and Tesla reports, with Goldman's 1-in-11 figure giving the anxiety an actual number to argue about.
At a glance
Goldman Sachs says AI could eventually displace 15 million US workers, about 9% of the workforce.
