AI COULD DISPLACE ONE IN 11 WORKERS , GOLDMAN SAYS , BUT THE LAYOFFS ARE WAITING FOR A RECESSION

What happened: Goldman Sachs economist Joseph Briggs wrote that AI-related labor disruption is limited while the economy is healthy but accelerates during downturns, with up to 9% of workers potentially displaced. Key numbers: 9% of workers, roughly one in 11; 15% productivity gain assumption; 3% slower hiring effect; 6% to 7% prior estimate from August 2025; 15 Why it matters: Briggs argues AI-related job losses could amplify the business cycle, and Goldman's U.S. economists made a similar case a year earlier, warning the full labor market effects may not appear until a recession hits.

Goldman Sachs economist Joseph Briggs wrote that AI-related labor disruption is limited while the economy is healthy but accelerates during downturns, with up to 9% of workers potentially displaced.

Briggs argues AI-related job losses could amplify the business cycle, and Goldman's U.S. economists made a similar case a year earlier, warning the full labor market effects may not appear until a recession hits.