AI cut 16,000 U.S. jobs a month — what the Goldman Sachs report actually says

Key insight: Premium is growing, not shrinking, as demand outpaces supplyJevons ParadoxDefinition: Increased efficiency often raises total consumption because lower per-unit costs expand demand faster than efficiency reduces use.Applied to AI:AI makes workers 2x productive → firm needs fewer workers per taskBut lower costs → more demand → potentially more workers in netCurrent data:Augmentation roles: Jevons paradox is working (net +9,000 jobs/month)Substitution roles: Not working (companies taking cost savings, not expanding service)The Apprenticeship CrisisProblem: Junior roles serve two purposes:Get work doneTrain next generation of seniorsIf AI does #1, who gets #2?Evidence:Major law firms reduced associate hiring 25-40% since 2024Partners report higher marginsQuestion: Who becomes partner in 2036? Hosted on Acast. See acast.com/privacy for more information.