Goldman says AI layoffs are starting to leave a ‘long-lasting’ scar, just like the last 40 years of history
Source: Fortune ·
Workers 35 and older are taking the biggest hit, as finding a job takes about five weeks longer—and that's an AI-exposed job, too.
From the source
Goldman Sachs has tracked four decades of Americans who lost their jobs to technology. The first workers laid off from AI-exposed jobs are starting to look a lot like them, the investment bank wrote in a note published Thursday. Goldman economist Pierfrancesco Mei found that workers displaced from AI-exposed jobs since 2025 took about a month longer to find a new job than other displaced workers. They were also roughly 10 percentage points more likely to still be unemployed a year after losing their job. Those effects are “comparable in magnitude” to what Goldman found in earlier waves of technological change, he wrote, calling the damage from those waves “long-lasting.” As in those waves, older workers are having the harder time so far. AI-displaced workers 35 and older took about five weeks longer than other displaced workers to get back to full-time work. For those under 35, it was about three weeks. The government’s numbers for all laid-off workers, not just those in AI-exposed…