"We're notoriously undersupplied in our housing market. Does that mean it's going to be even more difficult for us to build homes?"
Goldman Sachs economist warns Gen Z tech workers are first on the chopping block as AI shows signs of shaking up the labor market
August 6, 2025
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“The crash is separating real AI revenues from companies that only have AI PowerPoints.”
The looming danger, Goldman says, is when Amazon, Alphabet, Amazon, Meta, Microsoft, and Oracle decide to reduce their capex.
AI is becoming a major driver of workforce reductions, with over 10,000 job cuts in 2025 directly linked to automation, according…
Unemployment for 20- to 30-year-olds in the tech sector has increased 3% since the beginning of the year, Goldman Sachs senior…
“Surging capex spending related to AI will likely prevent a major increase in the buyback payout ratio," the bank says.
“In the absence of tech-related spending, the U.S. would be close to, or in, recession this year,” George Saravelos says.
