At the same time, policy responses like higher tax rates could cut into an AI-assisted increase in earnings, according to Goldman Sachs Research. Our economists expect some jobs to be lost due to AI adoption. Meanwhile, U.S. corporate profits as a share of GDP are at an elevated level relative to history, while wages as a share of GDP remain near a historical low. And even though our economists also predict — and history suggests — that many workers who are displaced by AI automation will...
