conv.

All stories
BusinessQuiet 12d · day 19

Goldman Sachs: AI's labor-market drag is spreading beyond tech

New Goldman Sachs analysis finds AI adoption now linked to weaker employment growth across nonmanufacturing industries, not just tech.

newest coverage 12d agosummary written 13d ago6 pieces1.7k likes & upvotes86 comments BlueskyNewswiresGoogle NewsHacker News

What to know

  • Goldman Sachs research finds a statistically significant negative correlation between firm-level AI adoption and employment growth.
  • The effect, first visible in tech, is now reported broadening into nonmanufacturing industries generally, tied to weaker employment growth and higher unemployment.
  • The Financial Times frames this as a possible first clear sign of AI's impact on the labor market, though it notes the evidence outside the tech sector is still mixed.

Goldman Sachs Research firmCarl Quintanilla CNBC anchorFinancial Times News outlet

Goldman Sachs: AI's labor-market drag is spreading beyond tech
bsky.app

How it unfolded 4 developments, newest first · click a bar or a number to jump articlesposts

Peak 2 pieces in 5h at Oct 30, 6 AM; 6 pieces over 19 days (3 articles · 3 posts) Oct 26, 7 AM — 1 piece · 1 post — Bluesky 1Oct 26, 12 PM — quietOct 26, 5 PM — quietOct 26, 10 PM — quietOct 27, 3 AM — quietOct 27, 8 AM — 1 piece · 1 article — Newswires 1Oct 27, 1 PM — quietOct 27, 6 PM — quietOct 27, 11 PM — quietOct 28, 4 AM — quietOct 28, 9 AM — quietOct 28, 2 PM — quietOct 28, 7 PM — quietOct 29, 12 AM — quietOct 29, 5 AM — quietOct 29, 10 AM — quietOct 29, 3 PM — quietOct 29, 8 PM — quietOct 30, 1 AM — quietOct 30, 6 AM — 2 pieces · 1 article · 1 post — Bluesky 1, Google News 1Oct 30, 11 AM — quietOct 30, 4 PM — quietOct 30, 9 PM — 1 piece · 1 article — Newswires 1Oct 31, 2 AM — quietOct 31, 7 AM — quietOct 31, 12 PM — quietOct 31, 5 PM — quietOct 31, 10 PM — quietNov 1, 2 AM — quietNov 1, 7 AM — 1 piece · 1 post — Hacker News 1Nov 1, 12 PM — quietNov 1, 5 PM — quietNov 1, 10 PM — quietNov 2, 3 AM — quietNov 2, 8 AM — quietNov 2, 1 PM — quietNov 2, 6 PM — quietNov 2, 11 PM — quietNov 3, 4 AM — quietNov 3, 9 AM — quietNov 3, 2 PM — quietNov 3, 7 PM — quietNov 4, 12 AM — quietNov 4, 5 AM — quietNov 4, 10 AM — quietNov 4, 3 PM — quietNov 4, 8 PM — quietNov 5, 1 AM — quietNov 5, 6 AM — quietNov 5, 11 AM — quietNov 5, 4 PM — quietNov 5, 9 PM — quietNov 6, 2 AM — quietNov 6, 7 AM — quietNov 6, 12 PM — quietNov 6, 5 PM — quietNov 6, 10 PM — quietNov 7, 3 AM — quietNov 7, 8 AM — quietNov 7, 1 PM — quietNov 7, 6 PM — quietNov 7, 11 PM — quietNov 8, 4 AM — quietNov 8, 9 AM — quietNov 8, 2 PM — quietNov 8, 7 PM — quietNov 9, 12 AM — quietNov 9, 5 AM — quietNov 9, 10 AM — quietNov 9, 3 PM — quietNov 9, 8 PM — quietNov 10, 1 AM — quietNov 10, 6 AM — quietNov 10, 11 AM — quietNov 10, 4 PM — quietNov 10, 9 PM — quietNov 11, 2 AM — quietNov 11, 7 AM — quietNov 11, 12 PM — quietNov 11, 5 PM — quietNov 11, 10 PM — quietYesterday, 3 AM — quietYesterday, 8 AM — quietYesterday, 1 PM — quietYesterday, 6 PM — quietYesterday, 11 PM — quietToday, 4 AM — quietToday, 9 AM — quietToday, 2 PM — quietToday, 7 PM — quiet 1234
Oct 28Oct 30Nov 1Nov 3Nov 5Nov 7Nov 9Nov 11now · 10:17 PM ET
  1. 4

    FT asks if this is the first clear evidence of AI's labor impact

    The Financial Times examines whether the Goldman findings represent the first clear evidence of AI's impact on the labor market, noting productivity is up and employment down in tech but the picture is muddier elsewhere.

    “Productivity is up and employment is down in the tech sector but elsewhere the picture is muddier…”
    — Financial Times

    1. 2 outlets first by FT, 13d ago · also Financial Times · read ↗

  2. 3

    Goldman broadens finding to nonmanufacturing industries

    A further Goldman Sachs note, shared on social media, reports that across nonmanufacturing industries higher AI adoption is now associated with weaker employment growth and higher unemployment.

    “.. The labor market impact of AI appears to be broadening: across nonmanufacturing industries, higher AI adoption is now associated with weaker employment growth and higher unemployment.”
    — Goldman Sachs
    • carlquintanilla.bsky.social

      GOLDMAN: “.. The labor market impact of AI appears to be broadening: across nonmanufacturing industries, higher AI adoption is now associated with weaker employment growth and higher unemployment.”

      carlquintanilla.bsky.socialBluesky14d ago446▲view on Bluesky ↗
  3. 2 days quiet
  4. 2

    Seeking Alpha reports Goldman's spreading AI labor impact finding

    Seeking Alpha covers the Goldman Sachs research, reporting that AI's labor-market impact is spreading beyond tech.

    1. 1 outlet AI’s labor-market impact is spreading beyond tech, Goldman Sachs says

      first by Seeking Alpha, 17d ago

  5. 1

    Goldman Sachs finds AI adoption tied to weaker employment growth

    Goldman Sachs research, quoted on social media, reports clearer signs that AI's labor-market impact is spreading beyond the tech sector, with a statistically significant negative correlation between firm-level AI adoption and employment growth.

    “.. we are starting to see clearer signs that the AI impact is spreading beyond the technology sector. .. the share of US firms that have adopted AI in regular business functions now shows a statistically significant negative correlation with employment growth ..”
    — Goldman Sachs
    • carlquintanilla.bsky.social

      GOLDMAN: “.. we are starting to see clearer signs that the AI impact is spreading beyond the technology sector. .. the share of US firms that have adopted AI in regular business functions now shows a statistically significant negative correlation with employment growth ..”

      carlquintanilla.bsky.socialBluesky18d ago1.3k▲view on Bluesky ↗

What people are saying 0 voices from 0 sites · best of 2 · verbatim