AI's real threat to jobs isn't job loss, it's lower paychecks, new research says
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Re: AI's real threat to jobs isn't job loss, it's lower paychecks, new research says
#2It's probably both, but either way it means a worse life for people who work for a living
Re: AI's real threat to jobs isn't job loss, it's lower paychecks, new research says
#3If the companies find a new way to make their products cheaper to produce and their services cheaper to provide - will it lead to lower prices as well?
Re: AI's real threat to jobs isn't job loss, it's lower paychecks, new research says
#4Right, whats happening here is the first sales pitch to CEOs: "AI will let you fire everyone" is not panning out (duh)... so for the next trick, "AI will at least let you pay them less" is a natural pivot. Both are absurd. Just let the hypecycle die off in peace already.
We've seen this play out in history multiple times, already, so it's pretty ignorant to ignore the evidence.
Carpenters aren't being paid less because we have framing nailguns and pre-fabricated trusses. Instead their skillset had to evolve. In fact, smaller crews can do larger projects... which doesn't mean fire your crewmembers, it means a builder company can take on more projects in parallel, leading to bigger profits through volume.
"AI"s are useful tools. The skills in a post-AI world are different. Lower wages will be experienced by people that can't evolve, that's all.
Re: AI's real threat to jobs isn't job loss, it's lower paychecks, new research says
#5If the companies find a new way to make their products cheaper to produce and their services cheaper to provide - will it lead to lower prices as well?
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Re: AI's real threat to jobs isn't job loss, it's lower paychecks, new research says
#6This study found that between 2022-2024, there was a negative correlation between "jobs with high AI exposure" (i.e., tech jobs) and % change in wages. According to them, software engineering has both the biggest wage decline and most AI exposure.
There's a much more reasonable explanation here.. tech jobs had the most wage growth during COVID and this was a pullback. The time frame they used (2022-2024) was also pre-coding agents, where GPT-3.5/GPT-4 were frontier models.
Re: AI's real threat to jobs isn't job loss, it's lower paychecks, new research says
#7Right, whats happening here is the first sales pitch to CEOs: "AI will let you fire everyone" is not panning out (duh)... so for the next trick, "AI will at least let you pay them less" is a natural pivot. Both are absurd. Just let the hypecycle die off in peace already. We've seen this play out in history multiple times, already, so it's pretty ignorant to ignore the evidence. Carpenters aren't being paid less becau…
> Just let the hypecycle die off in peace already.
I so wish that would happen so we can all find a more sustainable middle ground, but the trillion or so dumped into it says otherwise.
Re: AI's real threat to jobs isn't job loss, it's lower paychecks, new research says
#8This study found that between 2022-2024, there was a negative correlation between "jobs with high AI exposure" (i.e., tech jobs) and % change in wages. According to them, software engineering has both the biggest wage decline and most AI exposure. There's a much more reasonable explanation here.. tech jobs had the most wage growth during COVID and this was a pullback. The time frame they used (2022-2024) was also pre…
> There's a much more reasonable explanation here.. tech jobs had the most wage growth during COVID and this was a pullback.
More concretely, companies do layoffs, visa workers have to find another job in 60 days. Companies like amazon try to scavenge and lowball the shit out of them. This is happening across the industry.
There's consolidation, acquisitions, and layoffs happening across industry. It's just a big game of musical chairs
Re: AI's real threat to jobs isn't job loss, it's lower paychecks, new research says
#9If the companies find a new way to make their products cheaper to produce and their services cheaper to provide - will it lead to lower prices as well?
Hahahhahahahhahha….you serious?
Re: AI's real threat to jobs isn't job loss, it's lower paychecks, new research says
#10If the companies find a new way to make their products cheaper to produce and their services cheaper to provide - will it lead to lower prices as well?
It will. We saw this a lot with tvs, appliances, etc that are now manufactured where it is a lot less money and now they cost a lot less money.