Solomon said the speed of AI adoption will affect how quickly workers must adjust as automation reshapes jobs.
In an interview published Oct. 27 and recorded Oct. 26, Solomon said productivity gains need not eliminate knowledge-based work. He said policy steps may be needed to cushion employment disruption, and separately argued that governments should set general rules for AI.
Solomon estimated that about 30 million jobs are created and eliminated in the U.S. each year on average, with job creation exceeding losses by about one million. He did not identify the period or data series behind that estimate. The U.S. Bureau of Labor Statistics (BLS) recorded 13,578,000 private-sector job gains and 12,941,000 losses in the year ended March 2025, a net increase of 637,000. That one-year private-sector count has a narrower scope than Solomon’s broader annual estimate.
Solomon said AI is likely to alter employees’ tasks and how firms organize work. He pointed to Goldman analysts, whose work has changed and productivity increased over the past four decades, as an example of roles evolving with technology. He urged workers to learn to use AI and adjust as their responsibilities change.
He said lower setup and infrastructure costs could help more people launch small companies and give existing firms room to expand. He presented this as a possible channel for new jobs, not a count of employment gains. Goldman Sachs announced Oct. 22 a $500 million commitment for the Goldman Sachs Small Business AI Institute and an expansion of its 10,000 Small Businesses program. Anthropic, Google, Meta and OpenAI were named as institute partners.
At Goldman, Solomon said AI is being used to streamline internal work and improve client service, with the resulting efficiencies expected to support investment and growth. He also said governments should establish AI rules. In his view, developers answer for their models and companies for how they use the systems.
The BLS is scheduled to publish first-quarter 2026 Business Employment Dynamics figures at 10 a.m. ET Wednesday, Oct. 28.
