A warning from Goldman Sachs has been issued regarding American employees, warning that the rise of artificial intelligence (AI) is reshaping the job market faster than many expected. The firm's strategist, Pierfrancesco Mei, stated that workers displaced from technology-disrupted occupations are taking longer to find new jobs and often earning less when they do. This shift is attributed to what Mei calls “occupational downgrading” where displaced workers move into roles that require fewer analytical or interpersonal skills as AI replaces certain roles. The warning comes as major tech companies make deep cuts tied to AI adoption, with several major companies already making significant job cuts.