{"id":80427,"topic":"ai","source":"goldmansachs.com","title":"How Automation Impacts the Lives and Careers of Displaced Workers - goldmansachs.com","url":"https://www.goldmansachs.com/insights/articles/how-automation-impacts-the-lives-and-careers-of-displaced-workers","url_hash":"071a8a206e613ae0ce0b1a2d08ba4bf2b51f3337","author":"","summary":"<a href=\"https://news.google.com/rss/articles/CBMisgFBVV95cUxONmwzRE1kcWtJTnR5eHdFaFB6Tk1SVWFUczNqcFA4OGJJb2xtY3BtaVRvd2hmY1NneXM2ZTNyY3M3YVFVR2R0aDYwWUdVR3E3NTZzRWhqdDNiY2hwVlZhcURjeFlRVkRtQU1waUxvdWF2WVRrR0Q4aDI3Zk16cUVjWWRhU1lLNkNOLXN2bk9YSXdXSlE3cl9BU3pEelNiX3pacHlmWVhxNmd1TUk4QkpyeTBn?oc=5\" target=\"_blank\">How Automation Impacts the Lives and Careers of Displaced Workers</a>&nbsp;&nbsp;<font color=\"#6f6f6f\">goldmansachs.com</font>","content":"In short, generative AI is expected to automate a significant share of work tasks across a range of industries. Many workers will benefit from this change, which will boost their productivity and real income; others will lose their jobs as AI takes over a larger share of their work.\n“Our analysis suggests that, similarly to previous waves of technological change, AI-driven displacement could impose lasting costs on affected workers, worsening labor market outcomes for several years,” write Mei, Rindels, and Mericle. They add that the effects can be “substantially larger” if workers are displaced during a recession.\nThe research shows that retraining programs could help workers cope with these changes, depending on how AI ripples through the job market. 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