AI Exchanges: AI’s Impact on Employment

In this episode of Goldman Sachs Exchanges, Allison Nathan and George Lee host Joseph Briggs to discuss the impact of AI on the job market. They analyze current AI adoption rates, which are at 9% for regular production in US companies, and explore the sectors most affected, including tech and finance. The conversation covers the displacement of junior roles, the potential for transitional unemployment, and the historical context of technological shifts, considering whether AI's impact will be a continuous, manageable process or a disruptive tipping point. They also touch on the types of jobs that may be more resilient to AI displacement, such as those requiring human interaction and high-stakes decision-making, and the potential for a hybrid workforce where managers oversee both human employees and AI agents.