I’m the C.E.O. of Goldman Sachs. The A.I. Job Apocalypse Is Overblown.
I’m the C.E.O. of Goldman Sachs. The A.I. Job Apocalypse Is Overblown.
Mr. Solomon is the chairman and chief executive of Goldman Sachs.
In conversations with hundreds of business leaders over the past few months, I’ve seen a sharp divide in their views of artificial intelligence. One camp sees a “job apocalypse” and mass unemployment ahead; the other sees a great leap forward for society.
Put me in the second camp — with a few caveats. Will A.I. disrupt the labor market? Absolutely. This transition, like other significant moments in our history, will entail new challenges, especially as A.I. separates labor from productivity in magnitudes we haven’t seen before. But the United States has a long track record of creating new jobs in response to disruption, from........
