The first wave of workers who lost their jobs due to the introduction of AI is beginning to repeat the fate of victims of past technological revolutions. Goldman Sachs analysts have studied data on layoffs over the past 40 years and came to the conclusion that the damage from AI layoffs is just as deep and “long-lasting”.
Goldman Sachs detects signs that the first workers displaced from jobs exposed to artificial intelligence take longer to find another position and face a particularly difficult recovery if they are 35 years old or older. The boss recalls, according to the bank, the lasting consequences of previous technological waves.