I'm the CEO of Goldman Sachs. The AI Job Apocalypse Is Overblown(nytimes.com)
nytimes.com
I'm the CEO of Goldman Sachs. The AI Job Apocalypse Is Overblown
https://www.nytimes.com/2026/05/22/opinion/ai-job-crisis-goldman-sachs.html
9 comments
Also, is he serious in saying that they may hire more bankers and tellers. Rofl this article is seriously satire.
We all know that the normal people will be interacting with chat bots at the bank in the future because the reverse is what actually happens in reality because Goldman ceo needs another couple B in his bank account.
These huge companies are what capitalism ends up with. And these huge companies see ai as a way to cut their costs of employment.
That’s the truth, it’s already happening and you would know it if you can see.
We all know that the normal people will be interacting with chat bots at the bank in the future because the reverse is what actually happens in reality because Goldman ceo needs another couple B in his bank account.
These huge companies are what capitalism ends up with. And these huge companies see ai as a way to cut their costs of employment.
That’s the truth, it’s already happening and you would know it if you can see.
My CEO spends all his time playing golf, and banging his secretary. Delegates all decisions and shows up at the office only for the board meetings. Can AI match this?
Definitely. Maybe with some sort of teledildonics setup we can get AI railing your bosses secretary sometime in the next quarter. Golf might be harder, but doable.
[deleted]
Worth noting "overblown" reads differently from inside Goldman than
from back-office staff at the firms he's comparing to. Junior analyst
displacement is the actual story being skipped.
> One camp sees a “job apocalypse” and mass unemployment ahead; the other sees a great leap forward for society.
Both outcomes can be true at the same time.
I am also assuming he has read the WEF's Future of Jobs Report 2025 [0] with the deadline of 2030 which includes mass layoffs which 40% of employers admittedly are anticipating reducing their workforce where AI can automate tasks.
So it is not an either or and I made this prediction years ago which is unfortunately true. [1]
> But the United States has a long track record of creating new jobs in response to disruption, from the electrification of the 1900s to the digital revolution of the 1990s; I don’t see any reason to think this dynamic will stop now.
Again, they are not telling the workers what those "new jobs" are? (Of course they won't).
At that point, that was everything I needed to know and stopped reading further.
[0] https://www.weforum.org/publications/the-future-of-jobs-repo...
[1] https://news.ycombinator.com/item?id=42490692
Both outcomes can be true at the same time.
I am also assuming he has read the WEF's Future of Jobs Report 2025 [0] with the deadline of 2030 which includes mass layoffs which 40% of employers admittedly are anticipating reducing their workforce where AI can automate tasks.
So it is not an either or and I made this prediction years ago which is unfortunately true. [1]
> But the United States has a long track record of creating new jobs in response to disruption, from the electrification of the 1900s to the digital revolution of the 1990s; I don’t see any reason to think this dynamic will stop now.
Again, they are not telling the workers what those "new jobs" are? (Of course they won't).
At that point, that was everything I needed to know and stopped reading further.
[0] https://www.weforum.org/publications/the-future-of-jobs-repo...
[1] https://news.ycombinator.com/item?id=42490692
This article is a whole lot of nothing, feels like just an excuse to feature Goldman CEO on the publication for prestige value.
Meanwhile we are all here laid off without any income trying to wonder how we will survive when we inevitably need to use healthcare that this rich class has taken away from us.