Economy Is AI Really Replacing Jobs?

[SandisLL]

I can't get why a lot of ppl are thinking that the same AI , ML stuff aren't impemented in India, China etc. They are... ppl are worrying about some couple immigrants while actually should fear from datacenters etc located in asia etc stuff.
Cheap electricity cos 0 problems with ecology and environment ....workforce with lower salaries and lesser protection etc.

Why not. They are investing xx billions in data centers and to build large offices IN these areas, years in row...

 

[SandisLL]

We are taught by mass media that the same China and India etc are just ....A lot of cheap labour etc.
We don't like to see xx billions they had invested to build factories in order to produce CNC machines etc stuff, reality that they are more than decade in row heavily investing in automatization ...
Cos for us is more comfortable to see them as poor and dumb, under developed etc.

 

[RemyR]

AI is also replacing your savings account

 

[TeTe]

AI didnt replace all jobs, but ironically, the same tech some within Microsoft were helping develop, ultimately ended up being the reason they were let go. Freeing up money for AI is essentially AI being responsible for people losing their jobs, lol.

Everyone is using AI. You are probably using it unknowingly as we speak. It WILL continue to replace jobs. Why wouldnt it? In the last couple years alone that tech has progressed infinitely faster than anything else in the last 20 years plus. In another 2-3 years....forget about it. Most of these degrees people are getting will be worth less than the paper they are written on.

Freeing up money that's going into a black hole basically. It's just a pissing match between the top players in the SP 500 .. and race to the bottom essentially. When the bubble pops they'll learn the hard way.

Also, don't buy into the bullshit hype.. yeah.. automation, we're all using it and it has been a thing for centuries. It's just got a cool shiny new name now.

 

[Ezekiel 25:17]

Freeing up money that's going into a black hole basically. It's just a pissing match between the top players in the SP 500 .. and race to the bottom essentially. When the bubble pops they'll learn the hard way.

Also, don't buy into the bullshit hype.. yeah.. automation, we're all using it and it has been a thing for centuries. It's just got a cool shiny new name now.

Automation and AI are essentially two different things. AI isnt just something you preset to do human tasks. The shit is learning by the nanosecond. Experts have already predicted that within the next few years it will likely exceed the most intelligent of us. Its already writing its own code and will only continue to get better and better. Anyone who has any expertise on it has already warned us of how fast its moving and why it will be a threat sooner than we think.

People sweep it under the rug, primarily out of ignorance or the fear that it "just might" happen. We never want to believe something will exceed us or take us over in any way. Its why even movies usually end with us winning. We have to keep reassuring ourselves itll all be ok. Problem is, people are already getting fooled by AI in its infancy stages. Some are already relying on it to get important tasks done. Just imagine what another 5 years will do.

 

[TeTe]

Automation and AI are essentially two different things. AI isnt just something you preset to do human tasks. The shit is learning by the nanosecond. Experts have already predicted that within the next few years it will likely exceed the most intelligent of us. Its already writing its own code and will only continue to get better and better. Anyone who has any expertise on it has already warned us of how fast its moving and why it will be a threat sooner than we think.

People sweep it under the rug, primarily out of ignorance or the fear that it "just might" happen. We never want to believe something will exceed us or take us over in any way. Its why even movies usually end with us winning. We have to keep reassuring ourselves itll all be ok. Problem is, people are already getting fooled by AI in its infancy stages. Some are already relying on it to get important tasks done. Just imagine what another 5 years will do.

Hope you aren't heavily invested. But it sounds like you are.

 

[Beechwood]

I don't know what will happen with AI. I do know though that technology has been automating jobs for decades now. Yet new jobs, new works needs come about. I'm thinking similar will happen with AI.

Along these lines ~

AI Will Create Jobs, Not Replace Them: Google Cloud CEO Thomas Kurian​

AI Will Create Jobs, Not Replace Them: Google Cloud CEO Thomas Kurian

Google Cloud CEO Thomas Kurian has dismissed growing fears that artificial intelligence (AI) will eliminate tech jobs.

pragativadi.com

 

[Possum Jenkins]

First time I see Matt Walsh say something I agree with.

A few trillionaires is probably right. Looks like it's time for some WEALTH REDISTRIBUTION

 

[RemyR]

https://www.ndtv.com/feature/ai-may-reduce-world-population-to-100-million-by-2300-expert-warns-going-to-be-devastating-8573687

 

[Ezekiel 25:17]

Hope you aren't heavily invested. But it sounds like you are.

Im not. I know how to utilize it and am aware of the power, but I honestly am not a fan. Im just a realist who understands when things are changing. I was a kid when home computers began to blow up in the 80s and when the net took the world by storm in the 90s. Then the smartphone era of the 2000s. None of these are comparable to what im witnessing with AI. Its just advancing way too fast and im seeing how it is effecting people on the ground level.

It all starts off small. Good example is, I know 2 people who run different companies. One in Real Estate and the other runs a marketing firm. They have both let go of backend people in favour of AI tech. Sure, its only a handful of jobs lost, but thats only 2 businesses that I know of. Imagine how many are being told their skillset is no longer required, especially in these tough times.

Its not a matter of being invested, mentally, financially or otherwise. Its a matter of simply seeing whats directly in front of you. Problem is, most people constantly navigate with their blinders on, probably cause of the reasons i mentioned prior.

 

[Satsui Ryu]

Maybe, but the end game doesn't make a lot of sense. Yea, companies can use this AI to replace everyone, but then who is going to buy the product? Unless they come out with some universal income or something, I don't see it happening.

Even with something like UBI I still feel like having most jobs be replaced with tech would cause a huge existential crisis in society. Having little to no opportunity to better one's position will probably mess with people's mental states. Plus as much as work can suck, it forces people to be productive and go out and actually do something. I worry about the whole idle hands are the devil's plaything kind of situation.

 

[TeTe]

Im not. I know how to utilize it and am aware of the power, but I honestly am not a fan. Im just a realist who understands when things are changing. I was a kid when home computers began to blow up in the 80s and when the net took the world by storm in the 90s. Then the smartphone era of the 2000s. None of these are comparable to what im witnessing with AI. Its just advancing way too fast and im seeing how it is effecting people on the ground level.

It all starts off small. Good example is, I know 2 people who run different companies. One in Real Estate and the other runs a marketing firm. They have both let go of backend people in favour of AI tech. Sure, its only a handful of jobs lost, but thats only 2 businesses that I know of. Imagine how many are being told their skillset is no longer required, especially in these tough times.

Its not a matter of being invested, mentally, financially or otherwise. Its a matter of simply seeing whats directly in front of you. Problem is, most people constantly navigate with their blinders on, probably cause of the reasons i mentioned prior.

Well I work in tech and my company is hiring in spite of it. People are using some AI tools but it's not the game changer people make it out to be. At least for what we do.

 

[NickNick]

Interesting take; to claim declining birth rates are a crisis because (in part) the effect it will have on the labor markets, but simultaneously claim AI is bad because it will take away jobs from people.

Kids are expensive, people that aren't stupid are less likely to have kids if they can't afford it. Less jobs mean less money to start families.

 

[TeTe]

So when the market bubble pops, how far is that going to set back progress? Is it going to be like the .com bubble and only a few AI companies survive and we get a slow burn over a ten year period where the industry rebuilds from the ground up?

@Rob Battisti

 

[Rob Battisti]

So when the market bubble pops, how far is that going to set back progress? Is it going to be like the .com bubble and only a few AI companies survive and we get a slow burn over a ten year period where the industry rebuilds from the ground up?

@Rob Battisti

I wouldn’t anticipate AI goes anywhere just like the internet didn’t go anywhere overall.

It’s also much different in that well established companies are driving this. Meta, Google, NVIDIA, Amazon, Tesla etc. they are driving this and aren’t at any risk of dying if the bubble pops. It will be the anthropics of the world which are really at risk. All the start ups that say they are AI that will die.

The difference is, with AI, your “rebuild” time is so dramatically short that any crash will have an immediate rebound IMO.

In the dot com era, you needed tons of developers to build something. That’s not the case now. Prototypes can be built in a weeks time.

Everyone and their mother claim they are AI now. Mostly they are just building on top of ChatGPT or other engines.

The last conference I was just at had about 15 vendors all claiming they were AI first. Only one really was and it was a stark difference.

 

[method115]

A long while back, I used to work with transcriptionist, as I am in the medical field, I didn’t know that that was still a job, most of the doctors even physician assistance I’ve seen at hospitals in person, use some form of dictation software. That feels at least 10 to 15 years ago.

Honestly when my wife told me about it I felt like it was a position that could have been replaced a long time ago also.

 

[gspieler]

Kids are expensive, people that aren't stupid are less likely to have kids if they can't afford it. Less jobs mean less money to start families.

I’m not disagreeing, but just pointing out the inconsistency in Mr Walsh(and his ilk’s) ideology. And it is rare I find myself agreeing with him on anything. But I tend to agree with what his opinions seem to be on this subject.

Humans beings inherently need to feel a sense of purpose. Traditionally, things like meaningful work(and family, spirituality, etc) have played a large role in that. And going all-in on AI could certainly jeopardize that (along with potentially destabilizing society in other ways).

 

[Blayt7hh]

So when the market bubble pops, how far is that going to set back progress? Is it going to be like the .com bubble and only a few AI companies survive and we get a slow burn over a ten year period where the industry rebuilds from the ground up?

@Rob Battisti

Remember the .com bubble? That was a temporary setback due to over speculation early on. Then some of those industries skyrocketed a decade plus later. I think what you’re describing with AI is that. Early overspeculation for something that will be realized in the future.

We are in the infancy of this tech. This is like the invention of the steam engine. The steam engine didn’t change everything overnight, but it did end up changing the world

 

[avenue94]

Im not. I know how to utilize it and am aware of the power, but I honestly am not a fan. Im just a realist who understands when things are changing. I was a kid when home computers began to blow up in the 80s and when the net took the world by storm in the 90s. Then the smartphone era of the 2000s. None of these are comparable to what im witnessing with AI. Its just advancing way too fast and im seeing how it is effecting people on the ground level.

It all starts off small. Good example is, I know 2 people who run different companies. One in Real Estate and the other runs a marketing firm. They have both let go of backend people in favour of AI tech. Sure, its only a handful of jobs lost, but thats only 2 businesses that I know of. Imagine how many are being told their skillset is no longer required, especially in these tough times.

Its not a matter of being invested, mentally, financially or otherwise. Its a matter of simply seeing whats directly in front of you. Problem is, most people constantly navigate with their blinders on, probably cause of the reasons i mentioned prior.

Odd that you glossed over the Dot com crash.