Goldman Sachs chief David M. Solomon wrote that fears of an AI‑driven job apocalypse are exaggerated. He notes the firm’s economists project 25 percent of current work hours could be automated in the next decade, but stresses the U.S. has historically created new roles after each technological shock.

Solomon points to sectors where AI spurs hiring, citing the demand for data centers that has generated more than 200,000 construction jobs since 2022. He argues automation will shrink routine tasks in banking, law and accounting, freeing staff for higher‑value client work and opening positions in AI‑management, compliance and workflow design.

The CEO warns that rapid displacement still requires policy action. He urges public investment in vocational training and private‑sector upskilling to match AI‑augmented roles. The argument rests on the belief that productivity gains will translate into net employment growth, echoing past transitions from electrification to the digital era.