{"id":63836,"date":"2026-06-26T21:38:14","date_gmt":"2026-06-27T01:38:14","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/ai-workforce-shift-goldman-sachs-warns-of-15-million-displaced-jobs-while-industry-leaders-argue-for-transformation\/63836\/"},"modified":"2026-06-26T21:38:14","modified_gmt":"2026-06-27T01:38:14","slug":"ai-workforce-shift-goldman-sachs-warns-of-15-million-displaced-jobs-while-industry-leaders-argue-for-transformation","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/ai-workforce-shift-goldman-sachs-warns-of-15-million-displaced-jobs-while-industry-leaders-argue-for-transformation\/63836\/","title":{"rendered":"AI Workforce Shift: Goldman Sachs Warns of 15 Million Displaced Jobs While Industry Leaders Argue for Transformation"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Goldman Sachs (<a href=\"\/stock\/GS\">GS<\/a>) projects that generative AI could displace over 9% of the U.S. workforce\u2014approximately 15 million workers\u2014over the next decade.<\/strong><\/li>\n<li><strong>The U.S. Department of Commerce has partially lifted its export block on Anthropic\u2019s powerful Mythos AI model, allowing access for roughly 100 &quot;trusted partners&quot; after national security reviews.<\/strong><\/li>\n<li><strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>) Web Services CEO Matt Garman pushed back against &quot;wipe out&quot; fears, stating that while 50% of white-collar jobs may &quot;change,&quot; AI will ultimately create new roles.<\/strong><\/li>\n<li><strong>Hollywood professionals are increasingly turning to AI model training (RLHF) for up to $100 per hour as traditional entertainment employment remains stagnant.<\/strong><\/li>\n<\/ul>\n<h2>Goldman Sachs Raises Alarm on Long-Term Job Displacement<\/h2>\n<p>In a significant update to its labor market outlook, <strong>Goldman Sachs (<a href=\"\/stock\/GS\">GS<\/a>)<\/strong> economist <strong>Joseph Briggs<\/strong> warned that generative AI adoption could displace <strong>15 million U.S. workers<\/strong> over the next 10 years. This new estimate represents a jump from previous forecasts, now suggesting that more than <strong>9% of the domestic workforce<\/strong> is at risk of displacement as the technology moves from &quot;frontier labs&quot; into the physical economy.<\/p>\n<p>Despite the high number of potential job losses, the report\u2014titled <em>&quot;An AI Job Apocalypse&quot;<\/em>\u2014argues that the impact on the peak unemployment rate may be less than <strong>1%<\/strong>. <em>Economists at the bank suggest that historical trends of technological innovation typically lead to the creation of new occupations that offset initial destruction.<\/em> The bank maintains that the U.S. economy currently generates <strong>25 million to 35 million<\/strong> new jobs annually, which may help absorb displaced workers.<\/p>\n<h2>Amazon Leadership Rejects &quot;Job Apocalypse&quot; Narrative<\/h2>\n<p>Addressing the growing anxiety, <strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong> Web Services CEO <strong>Matt Garman<\/strong> stated this week that doomsday predictions are &quot;massively overblown.&quot; Speaking on the <em>Platformer<\/em> podcast, Garman argued that while <strong>half of white-collar jobs<\/strong> will likely be reshaped by AI, &quot;wipe out and change are different.&quot; He compared the current shift to the introduction of <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/MSFT\" data-internallinksmanager029f6b8e52c=\"18\" title=\"Stock: MSFT\">Microsoft<\/a> Excel<\/strong>, which transformed accounting without eliminating the profession.<\/p>\n<p><strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong> continues to aggressively pivot its corporate strategy toward AI, having already eliminated roughly <strong>30,000 positions<\/strong> since late 2025 to redirect capital into generative technologies. CEO <strong>Andy Jassy<\/strong> recently noted that while some tasks in software development and customer service are being automated, the company is actively hiring <strong>Gen Z graduates<\/strong> and experts to build and train new AI models.<\/p>\n<h2>Regulatory Thaw: Anthropic\u2019s Mythos Model Partially Released<\/h2>\n<p>The <strong>U.S. Department of Commerce<\/strong> has eased its recent block on <strong>Anthropic\u2019s Claude Mythos 5<\/strong> model, a tool previously restricted due to its advanced cybersecurity and offensive capabilities. Secretary of Commerce <strong>Howard Lutnick<\/strong> confirmed in a letter on Friday that &quot;appropriate safeguards&quot; are now in place, allowing <strong>100 select companies and government agencies<\/strong> to resume use of the model without an export license.<\/p>\n<p>The initial block was triggered by fears that &quot;jailbreaks&quot; could allow bad actors to leverage the model for cyberattacks. While <strong>Mythos<\/strong> is returning to limited use, its sibling model, <strong>Fable 5<\/strong>, remains restricted. This move coincides with <strong>OpenAI<\/strong> releasing its own <strong>GPT-5.6<\/strong> model to a similar list of government-approved partners, signaling a new era of &quot;gatekept&quot; frontier AI access.<\/p>\n<h2>Hollywood Creatives Pivot to AI Training<\/h2>\n<p>As traditional film and television production continues to contract, <em>The Hollywood Reporter<\/em> found that a growing number of editors, writers, and executives are taking &quot;gig work&quot; training the very models they once feared. These workers are performing <strong>Reinforcement Learning from Human Feedback (RLHF)<\/strong>, earning up to <strong>$100 per hour<\/strong> to refine AI outputs.<\/p>\n<p>Data from job platforms indicates that AI-related arts postings have <strong>doubled in the last year<\/strong>, now making up nearly <strong>11% of all arts job listings<\/strong>. While industry unions remain vocal in their opposition to AI, many mid-career professionals say they are taking these roles to &quot;future-proof&quot; their skill sets and survive a period of limited traditional employment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Goldman Sachs (GS) projects that generative AI could displace over 9% of the U.S. workforce\u2014approximately 15 million workers\u2014over 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