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AI adoption linked to 13% decline in jobs for young U.S. workers: study

cnbc.com

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Re: AI adoption linked to 13% decline in jobs for young U.S. workers: study

#221

Post by tialaramex »

b112 wrote: post #218
ToValueFunfetti wrote: post #208

Earlier quoted context omitted.

You really do have to account for why this is mainly happening in industries that are adopting AI, why it's almost exclusively impacting entry-level positions (with senior positions steady or growing), and why controlling for broad economic conditions failed to correct this. I doubt very much that these three Stanford professors would be blindsided by the concept of rates and tarriffs.

Juniors become seniors. If we replace all juniors with AI, in a few years there won't be skilled talent for senior positions. AI assistance is a lot different than AI running the company. Making expensive decisions. While it could progress, bear in mind that some seniors continue to move up in the ranks. Will AI eventually be the CEO? We all dislike how some CEOs behave, but will AI really value life at all? CEOs hav…

The AI will at least be cheaper than a CEO, it might also be more competent and more ethical. The argument against making a Large Language Model the CEO seems to mostly be about protecting the feelings of the existing CEO, maybe the Board should look past these "feelings" and be bold ?

Re: AI adoption linked to 13% decline in jobs for young U.S. workers: study

#223

Post by downrightmike »

JCM9 wrote: post #200

CEOs citing savings from AI should be able to show higher profits soon. The fact that they’re not means those tall tales are coming home to roost soon.

Nah, its going to be like when everyone included "bitcoin" in their quarterly reports and the market goes nuts, until it stops

Re: AI adoption linked to 13% decline in jobs for young U.S. workers: study

#224

Post by triceratops »

sandspar wrote: post #144
robotnikman wrote: post #134

Earlier quoted context omitted.

If it gets to the point where I can no longer find a tech job I am just going to buy a trailer, live somewhere cheap, and just make money doing odd jobs while spending most of my time programming what I want. I don't want to participate in a society where all I have for job options is a McJob or some Amazon warehouse.

>Buy a trailer, live somewhere cheap, do odd jobs Unrelated to the discussion, but I love these kinds of backup plans. I've found that most guys I talk to have one. Just a few days ago a guy was telling me that, if his beloved wife ever divorces him, then he'd move to a tropical island and become a coconut seller. (My personal plan: find a small town in the Sonoran Desert that has a good library, dig a hole under a n…

> he'd move to a tropical island and become a coconut seller.

Is there a visa for that? Doesn't seem feasible unless he lives in a country that has a tropical island already.

Re: AI adoption linked to 13% decline in jobs for young U.S. workers: study

#225

Post by myhf »

kerblang wrote: post #180

High interest rates + tariff terror -> less investment -> less jobs But let's blame AI

More investment -> more return on investment -> "AI is increasing worker efficiency" -> This is good for AI.

Less investment -> more layoffs -> "AI is replacing workers" -> This is good for AI.

A computer does something good -> "That's AI" -> This is good for AI.

A computer does something bad -> "It needs more AI" -> This is good for AI.

Re: AI adoption linked to 13% decline in jobs for young U.S. workers: study

#226

Post by downrightmike »

ArtTimeInvestor wrote: post #38

Every day when I am out in the city, I am amazed by how many jobs we have NOT managed to replace with AI yet. For example, cashiers. There are still many people spending their lives dragging items over a scanner, reading a number from a screen, holding out their hand for the customer to put money in, and then sorting the coins into boxes. How hard can it be to automate that?

Amazon could not do it. They claimed they could, but it was just indians watching the video and tabulating totals overseas

Re: AI adoption linked to 13% decline in jobs for young U.S. workers: study

#227

Post by downrightmike »

tonymet wrote: post #195

I see a worrisome trend. On one hand, many of my proto-boomer friends are suffering from age-ism , and memes claim that over-50-year-olds are unemployable. Not 100% fidelity, but there's some truth. Then I hear about a lot of youngsters struggling to find work, and see articles like this. Well, who's left? Is there a sweet spot at like 31 that are just cleaning up?

31 would line up with the post house bubble boom recovery

Re: AI adoption linked to 13% decline in jobs for young U.S. workers: study

#228

Post by PhantomHour »

ToValueFunfetti wrote: post #208
kerblang wrote: post #180

High interest rates + tariff terror -> less investment -> less jobs But let's blame AI

You really do have to account for why this is mainly happening in industries that are adopting AI, why it's almost exclusively impacting entry-level positions (with senior positions steady or growing), and why controlling for broad economic conditions failed to correct this. I doubt very much that these three Stanford professors would be blindsided by the concept of rates and tarriffs.

> You really do have to account for why this is mainly happening in industries that are adopting AI

Correlation is not causation. The original research paper does not prove a connection.

> I doubt very much that these three Stanford professors would be blindsided by the concept of rates and tarriffs.

They are nonetheless subject to publish or perish pressure and have strong incentives to draw publishable attention-grabbing results even where the data is inconclusive.

Re: AI adoption linked to 13% decline in jobs for young U.S. workers: study

#229

Post by b112 »

tialaramex wrote: post #221
b112 wrote: post #218

Earlier quoted context omitted.

Juniors become seniors. If we replace all juniors with AI, in a few years there won't be skilled talent for senior positions. AI assistance is a lot different than AI running the company. Making expensive decisions. While it could progress, bear in mind that some seniors continue to move up in the ranks. Will AI eventually be the CEO? We all dislike how some CEOs behave, but will AI really value life at all? CEOs hav…

The AI will at least be cheaper than a CEO, it might also be more competent and more ethical. The argument against making a Large Language Model the CEO seems to mostly be about protecting the feelings of the existing CEO, maybe the Board should look past these "feelings" and be bold ?

I'll re-explain.

A human CEO might do morally questionable things. All do not, of course, but some may.

Yet even so, they need a planet with air, water, and some way to survive. They also may what their kids to survive.

An AI may not care.

It could be taking "bad CEO" behaviour to a whole new level.

And even if the AI had human ethics, humans play "us vs them" games all the time. You don't get much more "them" than an entirely different lifeform.

Re: AI adoption linked to 13% decline in jobs for young U.S. workers: study

#230

Post by dgfitz »

kerblang wrote: post #180

High interest rates + tariff terror -> less investment -> less jobs But let's blame AI

Less investment? You must be trolling. I encourage you to look at the about of stupid money that has been “invested” into LLMs.
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