Many are predicting the AI bubble will burst soon. Then we will see massive layoffs.
AI isn't replacing jobs. AI spending is
51–60 of 580 posts
Re: AI isn't replacing jobs. AI spending is
#52This does not reflect my reality. I have worked on half a dozen projects where we would have hired consultants to get the job done but have used coding agents to document, understand, migrate a project, create backend services, dashboards, and other things with budgets ranging from a few thousand euros to 200,000 euros. No consultants hired, nothing spent.
What job did the llm do that was worth 200k Euro to you? Be extremely specific w/ hours worked etc bc we all totally believe you!
In our case - agentic loop optimization of kernels. Works like a dream - after all, you have a perfect python spec (validation), the kernel is small (under 10 kloc), and the entire thing is testable. The trick is to have enough back test data so that things like cache behavior are taken into account. Ended up with different kernel versions for batch-back-test vs real-time work - which was interesting. 5 years ago would have hired about 10 ppl for the job - now 2.
Re: AI isn't replacing jobs. AI spending is
#53Earlier quoted context omitted.
GCCs are expanding in Canada, Ireland, Poland, Czechia, and Costa Rica as well. Indians are more visible, but salary expections have gotten extremely out of whack in the US, and extended WFH during COVID proved to most boards that companies can continue to operate when entire teams are communicating async. If a large portion of interns and NCGs in the US are essentially expecting $45-70/hr salaries, it just isn't sus…
> but salary expections have gotten extremely out of whack in the US, You mean cost of living and inflation has devalued the dollar.
All Western countries are devaluing their currency. No other way to reduce the debt. Cutting benefits is political suicide. Taking every dollar from billionaires would knock a 1 year of debt off. The solution is inflation
Re: AI isn't replacing jobs. AI spending is
#54Earlier quoted context omitted.
Actual Indians, as always. Humans are cheaper, and have the capacity for long term memory formation.
GCCs are expanding in Canada, Ireland, Poland, Czechia, and Costa Rica as well. Indians are more visible, but salary expections have gotten extremely out of whack in the US, and extended WFH during COVID proved to most boards that companies can continue to operate when entire teams are communicating async. If a large portion of interns and NCGs in the US are essentially expecting $45-70/hr salaries, it just isn't sus…
I was making $50/hour fresh out of college back in 2014. And I worked remotely. $45/hour today is not great given the cost of living.
Re: AI isn't replacing jobs. AI spending is
#55Earlier quoted context omitted.
Actual Indians, as always. Humans are cheaper, and have the capacity for long term memory formation.
GCCs are expanding in Canada, Ireland, Poland, Czechia, and Costa Rica as well. Indians are more visible, but salary expections have gotten extremely out of whack in the US, and extended WFH during COVID proved to most boards that companies can continue to operate when entire teams are communicating async. If a large portion of interns and NCGs in the US are essentially expecting $45-70/hr salaries, it just isn't sus…
Sorry for being dense. What are GCCs and NCGs?
I guess GCC night be Global Capability Center?
Re: AI isn't replacing jobs. AI spending is
#56AI processing hardware deprecates (and depreciates) at a much faster rate than conventional CPUs, as much as 50% per year. Consider the billions being dumped into compute at that rate of depreciation and explain to me:
1. How will tangible assets generate profit net of near term capex requirements and interest on debt?
2. Why wouldn't payroll shrink as a result of the increased AI capabilities emerging from the capex spend?
3. If AI lives up to the hype & given recent news that public backstops are being requested, why shouldn't the US quasi-nationalize cash strapped players and distribute equity to every American?
4. As NVDA and AAPL local models and local compute eat into utility and base automation business, how do edge players maintain profitability without pricing capabilities well beyond the affordability of SMBs and individuals?
Re: AI isn't replacing jobs. AI spending is
#57Earlier quoted context omitted.
GCCs are expanding in Canada, Ireland, Poland, Czechia, and Costa Rica as well. Indians are more visible, but salary expections have gotten extremely out of whack in the US, and extended WFH during COVID proved to most boards that companies can continue to operate when entire teams are communicating async. If a large portion of interns and NCGs in the US are essentially expecting $45-70/hr salaries, it just isn't sus…
I was making $50/hour fresh out of college back in 2014. And I worked remotely. $45/hour today is not great given the cost of living.
London and Toronto have a similar CoL as the Bay Area and $45/hr is a mid-career tech salaries in both Greater London and GTA.
Edit: can't reply but every single white collar job provides an employer healthcare plan that is equally as competitive as the public healthcare plans in Canada and the UK.
And especially if you were being paid $50/hr as a new grad in 2014.
Edit 2:
> And I was in Michigan.
All the more reason I would have pushed back severely. It's easier to find talent at scale in London or GTA - metros there have a population larger than the entire state of MI, and with a breadth of options beyond UMich Ann-Arbor.
Re: AI isn't replacing jobs. AI spending is
#58So, jobs are being replaced by AI spending (not by AI), and AI spending is increasing because of AI, which means AI is replacing the jobs. Did I get wrong?
Re: AI isn't replacing jobs. AI spending is
#59Earlier quoted context omitted.
I was making $50/hour fresh out of college back in 2014. And I worked remotely. $45/hour today is not great given the cost of living.
London and Toronto have a similar CoL as the Bay Area and $45/hr is a mid-career tech salaries in both Greater London and GTA. Edit: can't reply but every single white collar job provides an employer healthcare plan that is equally as competitive as the public healthcare plans in Canada and the UK. And especially if you were being paid $50/hr as a new grad in 2014. Edit 2: > And I was in Michigan. All the more reason…
London and Toronto give people healthcare. And I was in Michigan.
Re: AI isn't replacing jobs. AI spending is
#60Earlier quoted context omitted.
GCCs are expanding in Canada, Ireland, Poland, Czechia, and Costa Rica as well. Indians are more visible, but salary expections have gotten extremely out of whack in the US, and extended WFH during COVID proved to most boards that companies can continue to operate when entire teams are communicating async. If a large portion of interns and NCGs in the US are essentially expecting $45-70/hr salaries, it just isn't sus…
Sorry for being dense. What are GCCs and NCGs? I guess GCC night be Global Capability Center?
GCC - Global Capacity Center, basically instead of outsourcing to WITCH or EPAM, a company creates an entire office abroad that owns profit-loss, product roadmap, has executives present, and is a direct part of the company.
NCG - New College Grad
You ain't dense btw, it's a good question. Keep asking questions!