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"An AI Job Apocalypse?" – Goldman Sachs Report [pdf]

goldmansachs.com

11–20 of 86 posts

Re: "An AI Job Apocalypse?" – Goldman Sachs Report [pdf]

#11

> Key to this view is our expectation that over the long run AI will create many new jobs even as it destroys existing ones. Still waiting for anyone with this viewpoint to offer a single educated guess at what any of these created jobs might look like even in very broad terms. All I ever see is basically a religious belief that surely something will arise. I get that previous automation waves have lead to new jobs i…

This is such a disingenuous comment. The entire rest of the section where you lifted this quote from directly addresses the thing you’re claiming no one will ever even try to address. And they even close the section by acknowledging that “this time it’s different” might actually be true with AI, and that we simply don’t have enough data to say for sure!

Re: "An AI Job Apocalypse?" – Goldman Sachs Report [pdf]

#12

> Key to this view is our expectation that over the long run AI will create many new jobs even as it destroys existing ones. Still waiting for anyone with this viewpoint to offer a single educated guess at what any of these created jobs might look like even in very broad terms. All I ever see is basically a religious belief that surely something will arise. I get that previous automation waves have lead to new jobs i…

[flagged]

Re: "An AI Job Apocalypse?" – Goldman Sachs Report [pdf]

#14

Why are AI boosters turning around and trying to suggest AI now won't take our jobs? Or less jobs than previously stated? Meanwhile Meta has so much AI compute that they don't know what to do with, and they are ready to lease it out. And corporations suddenly want token austerity across the board. OpenAI is delaying their IPO until "next year." Something is starting to give.

Because enough of the plebs are realizing the future is grim, so the PR firms have been put i to action. Earlier this year as if on cue Sam and Dario changed their tune on AI replacing workers.

Re: "An AI Job Apocalypse?" – Goldman Sachs Report [pdf]

#15

> Key to this view is our expectation that over the long run AI will create many new jobs even as it destroys existing ones. Still waiting for anyone with this viewpoint to offer a single educated guess at what any of these created jobs might look like even in very broad terms. All I ever see is basically a religious belief that surely something will arise. I get that previous automation waves have lead to new jobs i…

I wish they would explore alternate hypotheses.

Re: "An AI Job Apocalypse?" – Goldman Sachs Report [pdf]

#16

> Key to this view is our expectation that over the long run AI will create many new jobs even as it destroys existing ones. Still waiting for anyone with this viewpoint to offer a single educated guess at what any of these created jobs might look like even in very broad terms. All I ever see is basically a religious belief that surely something will arise. I get that previous automation waves have lead to new jobs i…

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What kind of jobs? Say we get real time translation between various languages. What will I do?

Re: "An AI Job Apocalypse?" – Goldman Sachs Report [pdf]

#17

Why are AI boosters turning around and trying to suggest AI now won't take our jobs? Or less jobs than previously stated? Meanwhile Meta has so much AI compute that they don't know what to do with, and they are ready to lease it out. And corporations suddenly want token austerity across the board. OpenAI is delaying their IPO until "next year." Something is starting to give.

Hey investors: companies will pay big to save salaries!

Hey people: not to worry, new jobs will come!

1 + 1 = 3 because growth!

Re: "An AI Job Apocalypse?" – Goldman Sachs Report [pdf]

#18
post #2

> Rapid improvements in AI capabilities and growing corporate adoption have led to predictions that the technology could lead to large-scale job losses before the end of the decade. So, just how concerned should we be about an AI “job apocalypse”? MIT’s Daron Acemoglu and Neil Thompson and GS’ Joseph Briggs generally agree that these predictions likely won’t come to pass, though they differ on the scale of disruption…

What I got from that is, if someone is really so desperate to wipe egg off their face, they'll rename some existing job titles and use that to justify stagnant wages.

After all, you're not a "software engineer" anymore, but an "intelligence engineer"! You can do more with less! Meanwhile, the work is identical and hours are tracked more vigilantly.

Re: "An AI Job Apocalypse?" – Goldman Sachs Report [pdf]

#19
post #14

Why are AI boosters turning around and trying to suggest AI now won't take our jobs? Or less jobs than previously stated? Meanwhile Meta has so much AI compute that they don't know what to do with, and they are ready to lease it out. And corporations suddenly want token austerity across the board. OpenAI is delaying their IPO until "next year." Something is starting to give.

Because enough of the plebs are realizing the future is grim, so the PR firms have been put i to action. Earlier this year as if on cue Sam and Dario changed their tune on AI replacing workers.

I think the general public is already kind of bored of AI and the phase of corporations writing blank checks for frontier models is over. The top labs keep doing shady marketing stuff (and various embarrassing stunts) and it's difficult to take their word at face value on anything.

Also Microsoft has been pouring money into AI and it's like not working at all. They might be in trouble.

Re: "An AI Job Apocalypse?" – Goldman Sachs Report [pdf]

#20

> Key to this view is our expectation that over the long run AI will create many new jobs even as it destroys existing ones. Still waiting for anyone with this viewpoint to offer a single educated guess at what any of these created jobs might look like even in very broad terms. All I ever see is basically a religious belief that surely something will arise. I get that previous automation waves have lead to new jobs i…

The people saying that jobs will all go away because of technology have been wrong every single year, up to this year as well.

The burden of proof seems like it's actually on you to show why this current tech boom is any different from previous ones.

As to the answer to your question, well just look at what people are doing at their jobs today. Those are what replaced jobs from 2 years ago.

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