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Goldman Sachs notes lack of evidence for AI job market mismatch despite predictions
May 19, 2026
AI Summary
Goldman Sachs analysts indicate that there is currently little evidence of a labor market mismatch between tech and trade jobs, despite predictions of a significant shift due to AI advancements. The analysis shows a decline in roles in office occupations where AI is deployed, but overall labor market tightness has decreased since 2022.
- Goldman Sachs analyst Elsie Peng reports that there are few signs of a mismatch in the labor market between coders and plumbers, despite predictions of a shift due to AI.
- Since 2019, there have been 450,000 fewer roles in office occupations where AI is being utilized, and job recruitment in highly AI-exposed positions has returned to pre-pandemic levels.
- The occupation-level mismatch index from Goldman Sachs has declined from its peak in 2022 and is now below pre-pandemic levels.
- Nvidia CEO Jensen Huang previously predicted a significant demand for plumbers and electricians as AI technology expands.
- The analysis suggests that while there may be future demand for tradespeople, the current labor market does not reflect an urgent need for reallocation of workers between sectors.
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