Goldman Sachs Says AI Is Raising US Prices While Displacing American Workers

Goldman Sachs Says AI Is Raising US Prices While Displacing American Workers

Goldman Sachs is warning that artificial intelligence is generating an inflation wave hitting US consumers five times harder than consumers in the rest of the world, while simultaneously threatening to displace roughly 15 million American workers over the next decade. Goldman Sachs economist Megan Peters calculated that a triple shock from AI-driven memory price surges, software price increases, and electricity cost hikes has already pushed US c…