Goldman Sachs Says Gen Z Is Pretty Much Permanently Screwed

For any young job seekers struggling in today’s horrible labor market, experts working for one of the wealthiest companies in the world have a little tough love for you: you’re pretty much cooked, fam.

In an analysis of recent economic trends in the US, Goldman Sachs economists David Mericle and Pierfrancesco Mei wrote that “jobless growth” is pretty much the new normal.

“The modest job growth alongside robust GDP growth seen recently is likely to be normal to some degree in the years ahead,” Mei and Mericle said, according to Fortune, which obtained the note. The two expect that the majority of GDP growth will come from productivity gains boosted by AI progress, with only a “modest contribution” from labor supply growth, or the increase in available workers.

“History also suggests that