New GS article focused on AI impact on the US Job Market
Key Takeaways:
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AI will significantly reshape labor markets, boosting productivity but displacing ~6–7% of workers over ~10 years
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Impact is currently limited to niches (e.g., tech, creative roles) but could expand to ~300M jobs globally
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In the US, ~25% of work hours are exposed to automation
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Key risk is speed of adoption: gradual = mild unemployment rise; rapid = larger disruption
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Displacement may create a skills mismatch with demand shifting to trades and infrastructure jobs
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AI is already driving job growth in construction, energy, and data centers
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New jobs will emerge in AI roles, specialized fields, and service sectors
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Entry-level knowledge workers are most vulnerable
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Outlook remains uncertain and depends on real-time labor market trends
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Carlos Salas
Portfolio Manager & Freelance Investment Research Consultant
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