It's pretty clear this is happening. The question is... is this based on existing capability of LLMs to do these jobs? Or are companies doing this on the expectation that AI is advanced enough to pick up the slack? I have observed a disconnect in which management is typically far more optimistic about AI being capable of performing a specific task than are the workers who currently perform that task. And to what exte…
Generative AI as Seniority-Biased Technological Change
121–130 of 197 posts
Re: Generative AI as Seniority-Biased Technological Change
#122Re: Generative AI as Seniority-Biased Technological Change
#123It's pretty clear this is happening. The question is... is this based on existing capability of LLMs to do these jobs? Or are companies doing this on the expectation that AI is advanced enough to pick up the slack? I have observed a disconnect in which management is typically far more optimistic about AI being capable of performing a specific task than are the workers who currently perform that task. And to what exte…
When you constrict the market like they have done, you naturally get distortions, and the adversarial nature of the market fails to perform economic calculation potentially leading to grave consequences. Even at this point, whipsaws would be quite destructive. I know people who have abandoned their careers due to lack of job availability for the foreseeable future. They were searching for years with no recovery.
When you destroy a pipeline of career development for short-term profit which is possible because of the decoupled nature of money-printing/credit facility, decisions made are psychologically sticky. When there is no economic benefit for competency, the smart people leave for a market where this is possible.
The smart people I know right now are quietly preparing for socio-economic collapse as a result of runaway money-printing. When you have a runaway dangerous machine, you can either step back and let it destroy itself (isolating yourself), or you can accelerate the breakdown of its dependent cycles. Many choose the former, since the latter carries existential risk for no real benefit in the short-term but the latter would result in the least amount of causalties.
70% of the economy covers the white-collar market, which will be gone soon, not because the jobs can be replaced by AI, but because the business leaders in consolidated industry all decide to replace workers becoming the instrument of their own demise through deflationary economics.
Re: Generative AI as Seniority-Biased Technological Change
#124Re: Generative AI as Seniority-Biased Technological Change
#125Earlier quoted context omitted.
Give your juniors reasons to stay at your company? It's not hard if the company cares at all.
>It's not hard if the company cares at all. It's pretty hard for a non-big tech company to pay big tech level salaries.
Re: Generative AI as Seniority-Biased Technological Change
#126Earlier quoted context omitted.
Junior devs eventually will have been brought up with agentic coding, etc. Hopefully whatever the "new way" becomes is how they'll be taught. Currently part of the problem is the taboo using AI coding in undergrad CS programs. And I don't know the answer. But someone will find the right way to teach new/better ways of working with and without generative AI. It may just become second nature to everyone.
As an occasional uni TA, I'm leaning toward banning LLM for easy coursework while allowing it on more difficult & open-ended ones. Pretty sure it's a self-destructive move for a CS or software engineering student to pass foundational courses like discrete math, intro to programming, algorithm & data structure using LLM. You can't learn how to write if all you do is read. LLM will 1-shot the homework, and the student…
Re: Generative AI as Seniority-Biased Technological Change
#127It's pretty clear this is happening. The question is... is this based on existing capability of LLMs to do these jobs? Or are companies doing this on the expectation that AI is advanced enough to pick up the slack? I have observed a disconnect in which management is typically far more optimistic about AI being capable of performing a specific task than are the workers who currently perform that task. And to what exte…
I do not see anything in this study that accounts for the decline in economic activity. Is it AI replacing the jobs, or is it that companies are not optimistically hiring, which disproportionally impacts entry level jobs?
Re: Generative AI as Seniority-Biased Technological Change
#128On a longer time scale you have humanoid robots potentially coming as well. Self driving cars and trucks are going to torpedo trucking and low pay positions such as Uber // taxi driver. The wealth is getting centralized amongst a couple dozen high tech companies.
All in all I am pretty negative on the prospects for young people as they enter the workforce and additionally for older tech people as they are currently operating in an environment where losing your job very possibly means the end of the road.
Re: Generative AI as Seniority-Biased Technological Change
#129It's pretty clear this is happening. The question is... is this based on existing capability of LLMs to do these jobs? Or are companies doing this on the expectation that AI is advanced enough to pick up the slack? I have observed a disconnect in which management is typically far more optimistic about AI being capable of performing a specific task than are the workers who currently perform that task. And to what exte…
Re: Generative AI as Seniority-Biased Technological Change
#130Earlier quoted context omitted.
Give your juniors reasons to stay at your company? It's not hard if the company cares at all.
>It's not hard if the company cares at all. It's pretty hard for a non-big tech company to pay big tech level salaries.