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Beff (e/acc)#530
Beff (e/acc)#530Goldman Sachs CEO argues AI will not eliminate 25% of jobs, calling apocalypse fears exaggerated
He compared the transition to historical shifts like microfiche.
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Many users dismissed the Goldman Sachs CEO's claim that AI job losses are overblown as self-serving narrative fiction from a firm with AI underwriting deals, while others welcomed it for distinguishing task automation from actual job cuts.
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Aaron Levie@levie
The CEO of Goldman Sachs is taking the other side on the pessimistic takes on AI and jobs.
If you looked at what work looked like a few decades ago and saw how much faster everything is or easier it is to produce the same thing as before - even before AI - you’d certainly have been convinced there’d be no jobs left.
What happens is we constantly just demand more from everything. Instead of automating a task and delivering the same value proposition, but cheaper, we just expect more from the overall product or service. Because some players in the market decides to do more with the automation, and it raises everyone’s expectations. So those that don’t respond can’t compete.
We get more financial analysis from analysts. We get much more comprehensive legal advice. We get more tailored financial services offerings. We get better software in niches we never thought we could automate. Our healthcare providers offer more tests and deeper medical advice. This just goes on and on.
When you move from believing the world is static and you’ll have a better view of how jobs evolve due to AI.
David Sacks@DavidSacks
Yes
35dViews 102.6KLikes 653Bookmarks 343
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Aravind@aravind
@DavidSacks I agree. Whatever job losses we see will be temporary and AI will improve productivity and employ a lot more using itself.
35dViews 22.5KLikes 1.1KBookmarks 49
David Sacks@DavidSacks
Full article:
https://www.nytimes.com/2026/05/22/opinion/ai-job-crisis-goldman-sachs.html?smid=nytcore-ios-share
35dViews 92.9KLikes 187Bookmarks 229
Rohan Paul@rohanpaul_ai
nytimes: Goldman Sachs CEO David Solomon just argued that AI will automate large parts of work without making human labor obsolete.
Goldman estimates AI may automate 25% of current work hours, while exposed entry-level roles have already seen a 16% relative decline.
However, he says that AI cuts the time needed for a task, but markets rarely keep the same product and merely make it cheaper.
They raise the standard, so an analyst who once built 1 chart now produces broader modeling, faster comparisons, sharper client work, and more follow-up.
So there will be demand expansion, where automation makes each worker capable of more, and customers then expect more detail, speed, personalization, and coverage.
That is why data centers can create 200,000+ construction jobs, banks may shift staff toward client-facing roles, and old jobs break apart into new mixes of judgment, review, compliance, and AI supervision.
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nytimes .com/2026/05/22/opinion/ai-job-crisis-goldman-sachs.html?smid=nytcore-ios-share
35dViews 9.6KLikes 90Bookmarks 43
Fugitive Caesar@ThomBrady5
@DavidSacks hello David I'm a longtime fan of you but I think at some point you have to acknowledge that foreigners are displacing native American tech workers
35dViews 2.5KLikes 174Bookmarks 5
Gary Marcus@GaryMarcus
Bridget Phetasy@BridgetPhetasy
@DavidSacks @jeffgiesea Can you tell them to stop overblowing it?
35dViews 2.5KLikes 103Bookmarks 1
Silicon Valley Fodder@Playerinthgame
@DavidSacks Mmm.
35dViews 2KLikes 93Bookmarks 1
Moss Landing@Arturo10185
@DavidSacks CEO of GS has his ulterior motives and fiduciary duty to super rich stock holders to make such statements. At ground level, among college graduates, this is far from truth. AI is decimating job markets for young people. Promoting AI is fine. But don’t hide the true consequences
35dViews 4KLikes 62Bookmarks 5
Chris@Chrisgpt
@DavidSacks when we reach artificial, super intelligence how do you justify humans working in the workplace slowing down the economy?
Genuine question
You might as well just have UBI
35dViews 2.6KLikes 36
Magoo PhD@HodlMagoo
@DavidSacks Funny how you guys are having to do damage control for the narrative you spun to get the valuations you needed.
35dViews 1.5KLikes 72Bookmarks 1
ラグナルのウルフ@AnonWolfoRagnar
@DavidSacks Goldman Sachs: AI is replacing 16,000 jobs a month, or 192,000 jobs a year.
Also Goldman Sachs: No.
🤷♂️
35dViews 1.1KLikes 55
Hany Girgis@SanDiegoKnight
@DavidSacks @toly Meanwhile….
35dViews 652Likes 38Bookmarks 1
kBernyRT.AlphaJunkie@kberny
@DavidSacks Because CEOs of large financial institutions are known for being super honest lol
35dViews 1.2KLikes 53
Tim Koltek@TimKoltek
@DavidSacks @DavidSacks 100% ---> history shows technological disruption ultimately drives far more job creation and higher living standards than it destroys.
35dViews 1.5KLikes 16Bookmarks 2
Erased@pumpinuhard
A.I (Actually indians) are the greatest threat to the white middle class job apocalypse. As someone that works with agentic AI personally and professionally, yes AI will replace some jobs, but customer facing roles are still safe for now. The H1B and 1 Indian rule in a department / enterprise org is a greater threat at this point to any AI job replacement of any real meaning.
35dViews 788Likes 22
Hugh Retard@iamhughretard
@DavidSacks The H1-B Job Apocalypse, however, is understated.
35dViews 1.3KLikes 18Bookmarks 1
Raph. H.@Rapahelz
@DavidSacks Jobs that feel like 'products' (standardized, repeatable processes) are getting eaten by AI.
Jobs that feel like 'projects' (living, taste-driven, high-context work with skin in the game) are much harder to automate.
35dViews 98Likes 4Bookmarks 3
EricX@Spherical_Wave
@DavidSacks Same company that concluded this?
35dViews 690Likes 18Bookmarks 1
lord pretty flacko ⚔️@smdcapital
@DavidSacks go fuck yourself sacks.
this is a load of bullshit
25% over the next ten years? LMFAO you fucking grifting clown
35dViews 579Likes 10
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