Is AI actually replacing jobs or creating new ones?
Goldman Sachs predicted 300 million jobs affected by AI - but the real story is far more nuanced than the headlines suggest.
The answer
Goldman Sachs' widely cited 2023 report estimated 300 million full-time jobs globally could be affected by generative AI - but 'affected' means augmented or changed, not necessarily eliminated. Their own research estimates unemployment will increase by only half a percentage point during the AI transition. The World Economic Forum's 2025 Future of Jobs Report, surveying over 1,000 employers across 55 economies, projected 92 million jobs displaced by 2030 but 170 million new ones created - a net gain of 78 million positions. New roles like AI prompt engineer, AI ethics officer, and AI trainer barely existed before 2023 but are now among the fastest-growing job categories.
Source: Goldman Sachs
- job displacement
- employment
- workforce
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