{
    "success": true,
    "data": {
        "id": 1714895,
        "msgid": "ai-can-replace-workers-but-its-impact-is-far-more-terrifying-1777824283",
        "date": "2026-05-03 12:35:00",
        "title": "AI Can Replace Workers, but Its Impact Is Far More Terrifying",
        "author": "Zulfikar Hardiansyah",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Economy",
        "summary": "A Goldman Sachs analysis warns that artificial intelligence (AI) could lead to long-term wage reductions and higher unemployment risks for displaced workers, with real income dropping by an average of 3% compared to those in stable jobs. Over the subsequent decade, affected workers may experience 10 percentage points lower real income growth than those never displaced, exacerbating labour market challenges especially during recessions. The report highlights a shift to lower-skill jobs lacking analytical and interpersonal elements, potentially degrading overall job quality and wealth accumulation in the broader workforce.",
        "content": "<p>Artificial Intelligence (AI) technology brings unprecedented\nautomation, enabling it to complete many tasks previously done by\nhumans. Consequently, AI is predicted to replace people in various job\nsectors. Given these predictions, AI appears to offer a promising\nfuture, such as increased productivity and lower costs by reducing the\nneed for human labour. According to a Goldman Sachs analysis, workers\nreplaced by AI could face wage declines for a decade. Historically,\nworkers who lose jobs due to technology experience an average 3% wage\nreduction upon re-employment. In addition to wage drops, workers\ndisplaced by technology face higher unemployment risks, struggling to\nfind work for several years after job loss. Goldman Sachs states it\nanalysed 40 years of labour market data. From this analysis, researchers\nfound that workers replaced by technology bear the consequences for\nyears after their initial job loss. \u201cOur analysis shows that, similar to\nprevious waves of technological change, AI displacement can impose\nlong-term costs on affected workers, worsening labour market outcomes\nfor several years. This impact could be much larger when displacement\ncoincides with a recession,\u201d the analysts wrote. From survey data on\n20,000 workers since 1980, Goldman Sachs researchers noted that real\nincome for workers displaced by technology averages 3% lower than for\nthose who lost jobs in more stable roles. This wage decline persists for\na considerable time. In the decade after job loss, those replaced by\ntechnology experience average real income growth 10 percentage points\nlower than workers who never lost their jobs. Real income for workers\ndisplaced by technology also grows 5 percentage points lower than for\nthose who lost jobs for other reasons. After losing jobs due to new\ntechnology replacement, these workers risk longer unemployment periods\nover the next 10 years. They are also likely to experience slower wealth\ngrowth. Furthermore, Goldman Sachs researchers mention that those\nreplaced by technology will face a decline in job quality. They will\nshift to low-skill jobs with minimal analytical and interpersonal\nrequirements, as the value of their prior skills has been filled by\ntechnology. Skills increasingly filled by technologies like AI will have\na negative impact on the broader labour market. AI-related layoffs are\nalready evident in some labour market sectors.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ai-can-replace-workers-but-its-impact-is-far-more-terrifying-1777824283",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}