> 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.
toomuchtodo 1 days ago [-]
Surely there will be no political consequences for this.
Rendered at 19:49:49 GMT+0000 (Coordinated Universal Time) with Vercel.
> 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.