Goldman Sachs CEO David Solomon has downplayed fears of AI-induced mass unemployment, asserting that technological advancements will continue to create new job opportunities. In an article for The New York Times, Solomon highlighted that while AI and automation could reduce work hours by 25% over the next decade, they are also expected to boost productivity and generate new roles, particularly in sectors like banking and asset management. Solomon pointed out that despite a 16% decline in hiring for entry-level positions in highly automatable roles, AI is fostering job creation, such as the 200,000 construction jobs from U.S. data center projects since 2022. He urged governments and businesses to invest in workforce retraining to adapt to the evolving job landscape, emphasizing that technological progress does not necessarily lead to immediate job displacement.