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Companies are lying about AI layoffs?

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121–130 of 186 posts

Re: Companies are lying about AI layoffs?

#121

This text reminds me much of tylervigen.com/spurious-correlation. The data presented is completely insufficient for the claim and based on cherry picked narratives. Anyone can slice and cut numbers the way they want to prove a point. The problem is that hiring an American is so expensive even for America. This will not change. People will need to accept to earn much less than they expected or to have the jobs taken e…

> This text reminds me much of tylervigen.com/spurious-correlation. The data presented is completely insufficient for the claim and based on cherry picked narratives. Anyone can slice and cut numbers the way they want to prove a point. As I said in another comment, it's a theory that could fit the data but you are encouraged to propose other theories. > This need of creating an enemy and the constant threat to solidi…

I was wondering if my comment seemed like accusing of being of ill intent. I hope not, if it does I'm sorry about that. I just meant the way it is presented it is a long stretch to conclude B from A. I am sure it happened, but I think this generalization sounds bad at a moment where people are being put against people for the sake of the show.

I do believe the system might be eventually abused in individual cases but I do not think it is mostly abused. US had taken lots of resource that would be otherwise competition if abroad and also have them generating revenue, taxes and economy flow in their own territory. It is not like US hasn't benefited of them at all. US is not depending on immigrants. They are just convenient.

In the UK, the situation is different. The skill is not there, the economy will not support another cost hike. Do not get me wrong, British people are brilliant. But the brilliant ones are already working. The younger generation is sadly unprepared and unsupported. I honestly think that if rules changes and immigrants leave UK in such hasty manner it will be as bad as the BREXIT was but the effects will come much sooner.

My company had positions with high grade pay opened in the UK for a year. No single british candidate was close to be approved. The position was closed in the UK and opened on Asia.

If this immigration laws changes I am dead right most of the foreigner engineers will leave (as intended). For others it will mean that our office will be closed. There are zero expectations on hiring enough people in the UK on time to replace people.

There is zero reasons for contributing to NI, NHS, etc for 10 years with the risks of never being able to be a citizen.

I can easily see myself in the same 'boat', pun intended. Renting in UK is absurd. Expensive, no guarantees, abusive landlords everywhere. You cannot invest your money to protect against inflation, you cannot buy a car, you cannot buy a house. You life is stagnant for 10 years with the fear of needing to leave the country in 7 weeks if you loose your job.

People do not realise that the government will be forced to cut benefits from people to make them back to work to replace the missing workforce. Even if companies pay more for native workers, things will need to get more expensive.

I see that people thinks there are millions of people in the country hence they could claim back millions of jobs by simply kicking out people. But that will not happen. Same thing with the empty promises of the Brexit. Not a single penny was saved for the NHS. If anything, just caused everything else to be more expensive or unaccessible. Which is not a surprise as the both ideas comes from exactly the same couple of guys.

I have visited a hospital in the UK recenlyy and I would be scared if suddenly all the base workforce, which are currently immigrants, are gone. People underestimate the importance of base care workers in the maintainability of a hospital. I cannot see Tesco, Asda or anything there paying double for the cashier or the store manager but only them installing cameras everywhere with their automatic checkout tills.

I am not sure why people are so easily falling for this fallacy of immigration is the problem when it is actually the incapability of creating jobs and the lack of qualified professionals. Even if it momentaneously fixed the situation, which it will not, it would not solve any of the underlying problems.

All that has being done was to go after critics, skip the laws distract people with hate speech to point them to the wrong direction.

Re: Companies are lying about AI layoffs?

#122
post #108

This text reminds me much of tylervigen.com/spurious-correlation. The data presented is completely insufficient for the claim and based on cherry picked narratives. Anyone can slice and cut numbers the way they want to prove a point. The problem is that hiring an American is so expensive even for America. This will not change. People will need to accept to earn much less than they expected or to have the jobs taken e…

>>People will need to accept to earn much less than they expected Or, perhaps, the executives and shareholders who have been primarily engineering how to take an ever-growing share of the pie to the degree they can accept to earn much less than expected With CEO pay ratios growing from 25:1 to 400:1 in the past 60 years [0], that level of extraction is not producing any useful increase in output or value; it is simpl…

There is zero chance of this happening.

All the big billionaires and trillionaries CEOs were sitting with the president in his first day. There is zero chance they will have their slice of their pie smaller.

In the history of the world, there wasn't a single powerful person who accepted to share with commoners. There is not a single reason to believe it will change now.

In fact, of you read the so called big bogus bill with criticism you will see that the only group of people that are unaffected by it are they.

Re: Companies are lying about AI layoffs?

#123

Earlier quoted context omitted.

>The US is getting outcompeted by India, basically. And it almost completely comes down to housing costs. If half of your $150k salary wasn't going directly into a landlord's pocket in the US, we would easily be able to compete.

If that explains most/all of it, why don't we see more tech companies moving into areas of the US with low housing prices? I guess some of it is the "captive" effect for an individual - if you leave the expensive property market for somewhere cheaper with a lower salary, it becomes very hard to move back to the expensive place. But is that a strong enough effect? Surely an efficient free market should theoretically m…

Many expanded to Texas, for example. Also Hollywood left LA. There aren’t any/many desirable locations left in the US that have low housing costs.

Re: Companies are lying about AI layoffs?

#124

This text reminds me much of tylervigen.com/spurious-correlation. The data presented is completely insufficient for the claim and based on cherry picked narratives. Anyone can slice and cut numbers the way they want to prove a point. The problem is that hiring an American is so expensive even for America. This will not change. People will need to accept to earn much less than they expected or to have the jobs taken e…

Well to keep salaries high, productivity will have to be increased, is that a surprise?

If productivity was a problem, why accept paying less for a less capable worker? Same thing as for counterfeiting/cheap china products. They are good enough for the price. Increasing productivity does mean doing more, but doing more with less. Sadly American people already accepts being exploited by having no rights, no benefits and no work life balance (in many cases). The only thing that can get worse is to get less money.

But to be honest, I don't think people will get less money. This is politically hard to explain. Things will get more expensive.

Re: Companies are lying about AI layoffs?

#126
There seems to a misunderstanding of H1B data. "Beneficiaries Approved" as a data point includes:

1. Extensions - H1B is approved for years. Once that period is complete employers need to extend it for another 3 years.

2. Amendments - This will include new job/employer. So, this does mean new H1B employee on the payroll but not exactly new H1B being brought from India.

3. New Hires - Completely new H1B hires.

For example, Google's count might include a rolling set of employees requiring H1B extension before they file I-140 petition, H1Bs from Infosys jumping ship to Google for a handsome pay increase and new H1B employees. So, there is no 1:1 comparison.

That said, I know Google departments being offshored but mostly due to the software tax code change in US. That has now been rolled back. So, hiring should pick up a bit.

As pointed in the H1B fees threads - Corporations always look to maximize benefits. If Accenture and their US clients think that their contracts will be cheaper if they have 3 H1B employees instead of 10 and let rest 7 work out of India, then that is what they will do. H1B fees is just going to make things worse. There is no good way to stop this globalization.

That said I think Accenture story is full of air. Its right there in the article > It is not immediately clear how much Accenture intends to invest in setting up the campus.

Re: Companies are lying about AI layoffs?

#127
post #110

Earlier quoted context omitted.

You realize, that it doesn't change the fact, that the elected president represents that large country with many opinions?

I genuinely believe that, at this point, that starts to stretch the definition of the word "represents." It's readily apparent that no president for the past decade has clearly represented a majority of the country (as opposed to a plurality) in the sense that they voted for or supported him. But Trump has gone further, and openly declared that not only does he not consider himself to represent the people politically…

When they stop voting for him, and when the people who are supposedly against him actually get off the couch and vote against him, how about that?

Re: Companies are lying about AI layoffs?

#128
post #50
post #32

Earlier quoted context omitted.

Looking at who you elected (twice!!) I don't know how wrong they are.

Maybe you don’t understand what happened and you should study this more instead of believing you’re smarter than those electors

Maybe you could enlighten me? Cause it looks to me like he won an election.

I watch Trump speak and it just baffles me that anyone could possibly take him seriously. It's so abundantly clear that the guy just makes shit up on the spot, constantly. The guy lies more than he tells the truth and it's obvious. I'm not even a native English speaker and it's clear as day to me that pretty much every word out of that guy's mouth is bullshit.

I watch Trump interacting with other world leaders where they're struggling to keep their composure, the stuff he says and does is so ridiculous these serious, accomplished adults are about to lose it laughing in his face because he's so ridiculous.

And on top of that there's all the downright criminal stuff he pulled last time, like staging a coup, stealing classified documents (boxes and boxes worth, not just a couple sheets that fell behind the sofa), and probably a bunch of other stuff I haven't heard about. Oh and apparently he used to be besties with Epstein. You can not make this up, I almost could not imagine a worse leader. And I'm barely even paying attention to what's going on over there.

On the bright side at least we're getting some good laughs out of it like when Giuliani booked a press conference at the Four Seasons Landscaping next to a porn shop. That was fun.

Re: Companies are lying about AI layoffs?

#129
post #6

Association is no proof of cause. How many h1b were issued the years before AI? Has there been an increase? My bet is: no.

> How many h1b were issued the years before AI? Has there been an increase? That still wouldn't prove anything per your logic because, as you say, "Association is no proof of cause." But then the question is how could we ever proof anything like this? > How many h1b were issued the years before AI? The point is that companies are lying off people and saying it's AI and the economy while they still hire foreign worker…

Who cares if you never find proof? This doesn't mean that what is unproven is true. Otherwise, Shiva god may be truely existing. You can't disprove that, right?

Re: Companies are lying about AI layoffs?

#130

I think this interpretation of the data rests on a misunderstanding of how a firm conceives of headcount. You saw this a lot during Covid layoffs when the press tried to point out the contradiction between hiring X number of people at the same time as firing Y number of people. Wasn't the firm just staying in place? Yet, in fact, the firm had planned to hire Z people that year, a number much greater than X, greater s…

What you describe is certainly possible, but it's not what's happening. You can go on Blind, Fishbowl, any work related subreddit, etc. and hear the same story over and over and over - "My company replaced half my department with H1Bs or simply moved it to an offshore center in India, and then on the next earnings call announced that they had replaced all those jobs with AI". There's a reason why "AI = Actually India…

> There's a reason why "AI = Actually Indians" is a meme everywhere on the internet

As a good reminder of the weird information bubbles the modern Internet has become, this is literally the first time I have ever seen this.

It might seem like it's "everywhere on the Internet" but it's really just what your Twitter/discord/subreddit/TikTok cohort are talking about.

And keep in mind, I'm a fellow HN user and likely overlap with you far more than even the average Internet user.

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