AI will ‘destroy employment in some areas’ Goldman Sachs’ chief economist has offered a stark forecast on the initial impact of AI on the labor market, predicting it will ‘destroy employment in some areas.’
Jan Hatzius, the economist in question, has risen to prominence after previously making several successful predictions about the global economy, including forecasting the 2008 financial crisis.
In an interview with CNN, Hatzius said he expects there to be a short-term hit to jobs, but believes that the long term picture is brighter.“There will be parts of the labor market where tasks can be replaced,” Hatzius said. […]
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