It took 20 years for computers to "add" to the economy.
AI Added 'Basically Zero' to US Economic Growth Last Year, Goldman Sachs Says
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Re: AI Added 'Basically Zero' to US Economic Growth Last Year, Goldman Sachs Says
#12I completely agree. If AI can't do 100% of a job then you can't remove the job.
And most jobs that can be automated already has been automated using traditional software.
Re: AI Added 'Basically Zero' to US Economic Growth Last Year, Goldman Sachs Says
#13The most interesting thing about this is that the underlying economy is actually stronger than people realize. The narrative has been that AI data center construction was propping up an otherwise weak economy. If this analysis is true, then it wasn't being propped up by data center construction. The strength was usual and normal strength. I have no doubt that people will use this to axe grind about they think AI is d…
The US economy is remarkably resilient considering its withstood a year of sabotage from the top down.
Re: AI Added 'Basically Zero' to US Economic Growth Last Year, Goldman Sachs Says
#14Why do I have a feeling that this will be ignored as biased by the people who need to read it the most.
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Re: AI Added 'Basically Zero' to US Economic Growth Last Year, Goldman Sachs Says
#15I completely agree. If AI can't do 100% of a job then you can't remove the job. And most jobs that can be automated already has been automated using traditional software.
You can replace it with a much lower paid employee though.
Re: AI Added 'Basically Zero' to US Economic Growth Last Year, Goldman Sachs Says
#16It took 20 years for computers to "add" to the economy. https://en.wikipedia.org/wiki/Productivity_paradox
Yep, and the same with the internet. During the 1990s and 2000s, people kept wondering why the internet wasn't showing up in productivity numbers. Many asked if the internet was therefore just a fad or bubble. Same as some now do with AI.
It takes time for technology to show measurable impact in enormous economies. No reason why AI will be any different.
Re: AI Added 'Basically Zero' to US Economic Growth Last Year, Goldman Sachs Says
#17Bottom line, no one's buying your vibeslop when they can create and maintain their own for their custom needs. And if we're not buying each others vibeslop there's no productivity to be measured in the economy. With all this recent Claw stuff, it's weird that as people who should be championing the opposite due to our field of study or industry, some of us are now pushing a method of automation that is akin to robo v…
> a method of automation that is akin to robo vaccums randomly tracking dogshit across the carpet.
Is it possible that this sort of problem will be fixed? Hypothetically, what would happen in a scenario where one of these apps can do in 1 hr the work that would take a developer a month, reliably? Or is your premise that will NEVER happen?
Re: AI Added 'Basically Zero' to US Economic Growth Last Year, Goldman Sachs Says
#18It took 20 years for computers to "add" to the economy. https://en.wikipedia.org/wiki/Productivity_paradox
Yep, and the same with the internet. During the 1990s and 2000s, people kept wondering why the internet wasn't showing up in productivity numbers. Many asked if the internet was therefore just a fad or bubble. Same as some now do with AI. It takes time for technology to show measurable impact in enormous economies. No reason why AI will be any different.
It didn't take mobile apps with the launch of the iPhone 20 years to add to the economy though, did it?
Re: AI Added 'Basically Zero' to US Economic Growth Last Year, Goldman Sachs Says
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Re: AI Added 'Basically Zero' to US Economic Growth Last Year, Goldman Sachs Says
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Definitely missing a /s