AI Will Not Have a Negative Impact on Jobs. Knock Off the Negativity Now
September 2, 2025
No AI. Just a dinobaby working the old-fashioned way.
The word from Goldman Sachs is parental and well it should be. After all, Goldman Sachs is the big dog. PC Week’s story “Goldman Sachs: AI’s Job Hit Will Be Brief as Productivity Rises” makes this crystal clear or almost. In an era of PR and smart software, I am never sure who is creating what.
The write up says:
AI will cause significant, but ultimately temporary, disruption. The headline figure from the report is that widespread adoption of AI could displace 6-7% of the US workforce. While that number sounds alarming, the firm’s economists, Joseph Briggs and Sarah Dong, argue against the narrative of a permanent “jobpocalypse.” They remain “skeptical that AI will lead to large employment reductions over the next decade.”
Knock of the complaining already. College graduates with zero job offers. Just do the van life thing for a decade or become an influencer.
The write up explains history just like the good old days:
“Predictions that technology will reduce the need for human labor have a long history but a poor track record,” they write. The report highlights a stunning fact: Approximately 60% of US workers today are employed in occupations that didn’t even exist in 1940. This suggests that over 85% of all employment growth in the last 80 years has been fueled by the creation of new jobs driven by new technologies. From the steam engine to the internet, innovation has consistently eliminated some roles while creating entirely new industries and professions.
Technology and brilliant management like that at Goldman Sachs makes the economy hum along. And the write up proves it, and I quote:
Goldman Sachs expects AI to follow this pattern.
For those TikTok- and YouTube-type videos revealing that jobs are hard to obtain or the fathers whining about sending 200 job applications each month for six months, knock it off. The sun will come up tomorrow. The financial engines will churn and charge a service fee, of course. The flowers will bloom because that baloney about global warming is dead wrong. The birds will sing (well, maybe not in Manhattan) but elsewhere because windmills creating power are going to be shut down so the birds won’t be decapitated any more.
Everything is great. Goldman Sachs says this. In Goldman we trust or is it Goldman wants your trust… fund that is.
Stephen E Arnold, September 2, 2025
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