AI's Double-Edged Sword: Economists Predict Job Loss Now, Economic Growth Later

AI will destroy some jobs but also create new ones in other areas, boosting productivity and economic growth over time according to Goldman Sachs economist
AI seen as a productivity enhancer, but will reduce employment in certain tasks and jobs that can be automated
Difficult to predict short term impacts, but confident AI will significantly boost long term growth
Recent studies show 25% of Americans worried about AI taking their jobs, up from 15% in 2021
Congressional leaders sounding alarm on risks of AI, hosting hearings on impacts and regulation