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

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621–630 of 662 posts

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

#621
post #538

Not sure what these guys are studying but can tell you in the real world - essentially zero AI rollout in accounting world for anything serious. We've got access to some fancy enterprise copilot version, deep research, MS office integration and all that jazz. I use it diligently every day...to make me a summary of today's global news. When I try to apply it to actual accounting work. It hallucinates left, right & cen…

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

#622
post #613

Earlier quoted context omitted.

We use Concur (SAP? expenses software), and it can scan your paper receipts and fill in the fields for you. I'd say it's about 30% accurate. Occasionally it'll be incredible. But mostly you end up having to manually adjust fields. It even gets categories completely wrong, like classifying a train ticket as a phone bill. All this means you spend a lot of time checking everything. It'd be hard for me to say honestly th…

Concur might be the worst software I have ever used.

Ha ha, yes it's bad, but somehow slightly better than the enterprise alternatives.

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

#623
Even if we haven't yet seen any serious rollout of AI in the workplace that could replace junior workers, I think that companies have _been told_ that is is coming (by the many companies hoping to be "the one" to provide that service) and while they're not firing people they're also not hiring new junior staff as much since they "will soon be replaced by automated systems".

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

#624

Earlier quoted context omitted.

You’ll get downvoted but in my experience, which may not be representative of the entire population, this is true. A mid-size US tech company I know well went fully remote after a lot of insistence from the workforce, prior to the pandemic they were fully in office. Soon enough they started hiring remotely from EU, and now the vast majority of their technical folks are from there. The only US workers remaining are mo…

My previous employer stopped hiring in the EU (except for the UK, where they were based, and South Africa, where the CTO was from) because the labor laws there made it too difficult for them to fire people, which was a particularly troublesome for them as they had almost quarterly layoffs. They switched back to hiring in the UK and US where there are fewer worker protections.

Maybe he should not hire people and then fire them after 3 months? Could it be that your previous employer is a terrible employer?

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

#625
post #538

Not sure what these guys are studying but can tell you in the real world - essentially zero AI rollout in accounting world for anything serious. We've got access to some fancy enterprise copilot version, deep research, MS office integration and all that jazz. I use it diligently every day...to make me a summary of today's global news. When I try to apply it to actual accounting work. It hallucinates left, right & cen…

There are a lot of jobs which don't require meticulous accuracy - coming up with marketing plans, press releases, writing HR policies, reading and summarising reports, etc.

Even in accounting I am sure you could use AI at times to help write or read your emails or summarise legislation or IRS rulings. Have it drive Excel or your financial systems directly? No, not yet.

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

#626
post #456

This past year, I’ve seen a lot of entry-level jobs quietly disappear. It’s not that people are getting laid off, it’s that no one’s hiring beginners anymore. What’s really missing isn’t just the jobs, it’s the chance to grow. If there’s nowhere to start, how are new people supposed to get in and learn?

The question is always: Is this simply the effects of a recession or AI? No one wants to hire juniors, but when the alternative is too expensive they are an acceptable solution. Or if you have some incentive structure where you can get more work out of them like consultancies. With a market flooded with senior people accepting a paycut for a job why even attempt hiring juniors?

The US economy is not in a recession, at least by the standard definition of recession.

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

#627

Earlier quoted context omitted.

Video and graphical designers? I’m not saying this with optimism, but rather as as observation. I know a handful of digital marketers, that work for different marketing firms - and the use of GenAI for those tasks have exploded. Usually tasks which they either had in-house people, or freelancers do the work. Now they just do it themselves.

No it can't replace graphical designers except in low stakes projects. Companies won't risk their projects on cheap AI with other larger costs on the line.

> it can't replace graphical designers except in low stakes projects

You're right except you're missing the point

Do you think entry-level workers are handling high stakes projects? no, they're handling low stakes projects. Or they're generating a bunch of options, 90% of which are throwaway, which a higher skilled worker is evaluating/editing/giving input on, and then coming up with something for the higher stakes project.

Except that now, the higher skilled worker doesn't need the junior worker to generate the options or implement their edits, they can have an AI do it. And for low stakes projects, they can use the AI and call it a day.

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

#628
post #538

Not sure what these guys are studying but can tell you in the real world - essentially zero AI rollout in accounting world for anything serious. We've got access to some fancy enterprise copilot version, deep research, MS office integration and all that jazz. I use it diligently every day...to make me a summary of today's global news. When I try to apply it to actual accounting work. It hallucinates left, right & cen…

There's a very fun video about accounting by Dan Toomey [0] that I think really drives home the point that accounting is: 1) Extremely important 2) Not that glamorous I always think of accountants as the "nerds" of the finance world. I say this lovingly - I think in another life I would have become an accountant. I find it very fascinating. I worked at a company that worked with auditing datasets, so I knew much more…

Yeah the boring part is definitely true. It is a good path to a reasonably high paycheque with bulletproof job security. To take your Enron example - even when it turned into a smoking crater and all business stopped they still had accountants working on the wreckage years later.

Very nearly went programming (now do that as a hobby). Still not sure how I feel about that choice, especially around mental stimulation. But if we're about to hit a recession/depression then it's not a bad place to be. The space I'm in has future revenues locked in for 10+ years.

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

#629
post #538

Not sure what these guys are studying but can tell you in the real world - essentially zero AI rollout in accounting world for anything serious. We've got access to some fancy enterprise copilot version, deep research, MS office integration and all that jazz. I use it diligently every day...to make me a summary of today's global news. When I try to apply it to actual accounting work. It hallucinates left, right & cen…

Aisde: Hey, whats the prompt you're using for a summary of the news events?

Nothing super sophisticated - the key part is telling it the categories I want. It seems really good at sticking to that out of the box and seems to do 2-3 items for each category.

```Summarize today's news stories in concise bullet points focusing on relevance and clarity. Organize the summary into the following sections:

* World Events: Major global developments and international headlines

* Geopolitics: Political tensions, alliances or diplomatic events

* London: Local news and developments specific to London

* Supply chains: etc ```

One thing I've had ZERO luck is making it look for forward looking economic indicators. No idea why but it doesn't work at all

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

#630
post #538

Not sure what these guys are studying but can tell you in the real world - essentially zero AI rollout in accounting world for anything serious. We've got access to some fancy enterprise copilot version, deep research, MS office integration and all that jazz. I use it diligently every day...to make me a summary of today's global news. When I try to apply it to actual accounting work. It hallucinates left, right & cen…

LLMs basically can't do arithmetic directly, trying to get them to do so is a skill issue. Most models can and will happily write and execute code to do that work instead.

What I described is a setup that DOES have pandas & python access and uses it heavily to figure out the excel files. Which is neat, but the output is still wrong
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