Whatever happened to the "AI won't replace you; someone who uses AI will" narrative?
US is starting to see heavy job losses in roles exposed to AI
51–60 of 303 posts
Re: US is starting to see heavy job losses in roles exposed to AI
#52Has anyone done the math on how many jobs AI has to replace in order to justify current valuations? Would be interesting to see imo
There's no public valuation of any AI company.
But by the investment contracts OpenAI announced, if they replaced every white collar job in the world and captured all of their salary, they would have a P/E of ~1/70. (Assuming no costs at all.)
You decide what return horizon you are comfortable with and solve the linear equation for it. (But my numbers are from the end of last year, I haven't seen any more recent compilation of their contracts.)
Re: US is starting to see heavy job losses in roles exposed to AI
#53Re: US is starting to see heavy job losses in roles exposed to AI
#54I think people are blaming AI for a recession caused by trump’s tarrifs and the oil crisis. Businesses fear that oil prices may explode until enough of the economy enters a recession that oil demand decreases, and are already feeling the supply crunch
This comment is completely divorced from the facts given in the article. The main point is that certain types of jobs like customer service reps, secretaries and sales people are being disproportionately affected. If it was just general fears about the economy overall one would expect a more broad-based impact.
Those are the same roles that get axed first in any recession. Anything under “SG&A” is overhead that can be reduced.
Re: US is starting to see heavy job losses in roles exposed to AI
#55Honey, I overhired during the pandemic and I need a scapegoat for the layoffs!
Re: US is starting to see heavy job losses in roles exposed to AI
#56I think people are blaming AI for a recession caused by trump’s tarrifs and the oil crisis. Businesses fear that oil prices may explode until enough of the economy enters a recession that oil demand decreases, and are already feeling the supply crunch
We have an invention that aims to replace labor and employers want nothing more than to replace labor. It's silly to pretend that AI isn't responsible. But you're right that an incompetent administration is piling on with additional factors.
Re: US is starting to see heavy job losses in roles exposed to AI
#57I think people are blaming AI for a recession caused by trump’s tarrifs and the oil crisis. Businesses fear that oil prices may explode until enough of the economy enters a recession that oil demand decreases, and are already feeling the supply crunch
This comment is completely divorced from the facts given in the article. The main point is that certain types of jobs like customer service reps, secretaries and sales people are being disproportionately affected. If it was just general fears about the economy overall one would expect a more broad-based impact.
[flagged]
Re: US is starting to see heavy job losses in roles exposed to AI
#58I think people are blaming AI for a recession caused by trump’s tarrifs and the oil crisis. Businesses fear that oil prices may explode until enough of the economy enters a recession that oil demand decreases, and are already feeling the supply crunch
In economies that revolve around credit/debt (the US), once credit stops EXPANDING , that's a huge force pushing the economy down . If everyone's already taken on as much debt as they can, and interest rates aren't consistently marching lower for ~25 straight years, it's going to be a little harder to grow. Doesn't make it impossible, just harder. We're paying for growth we got 25 years ago now. Wish we invested that…
The future will certainly change things, but who can change the direction of a tidal wave? It will go where it wants, not where we want. The best a single individual can do is flee to higher ground.
Unless you happen to have a media empire at your disposal. Maybe then you can change the future. The problem is that those people are changing things for the worse.
Re: US is starting to see heavy job losses in roles exposed to AI
#59Earlier quoted context omitted.
This comment is completely divorced from the facts given in the article. The main point is that certain types of jobs like customer service reps, secretaries and sales people are being disproportionately affected. If it was just general fears about the economy overall one would expect a more broad-based impact.
[flagged]
Yeah but the CEOs said it, so it must be true.
Re: US is starting to see heavy job losses in roles exposed to AI
#60I think people are blaming AI for a recession caused by trump’s tarrifs and the oil crisis. Businesses fear that oil prices may explode until enough of the economy enters a recession that oil demand decreases, and are already feeling the supply crunch
We have an invention that aims to replace labor and employers want nothing more than to replace labor. It's silly to pretend that AI isn't responsible. But you're right that an incompetent administration is piling on with additional factors.
AI isn't ready to replace us but employers are more than ready to use it as cover for laying off all the dingdongs they hired during the pandemic. I give up. I'm rich and out of f***s and the hilarity of VC approaching me to invest in their idiocy will never be lost on me given they wouldn't spare a dime when I was a disruptive young turk.