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Silicon Valley sees AI as the solution – for everyone else

observer.co.uk

11–20 of 58 posts

Re: Silicon Valley sees AI as the solution – for everyone else

#11

I don't find the argument that advanced AI will leave 20% of society permanently unemployed particularly compelling

There are places where 20% of society (or more) are unemployed. They're not nice places. They're run by gangs or warlords. They're the kind of place where teenagers sit on steps and just wait for the wrong person to walk past them.

Like where?

Re: Silicon Valley sees AI as the solution – for everyone else

#14

I don't find the "AI will cause mass unemployment" argument compelling, in fact I see the opposite as being true. The reason we are talking so much about that now is that at the current level of productivity, we just don't need as many humans to do the work, as companies can use AI as leverage to not hire as many people. This i feel will be a short lived period where not everyone has adopted AI to the fullest and thu…

I don't broadly disagree and see AI opening up opportunities that didn't exist before but with respect to companies hiring large numbers of people I wonder what the people will be doing?

Come to think of it, I sort of wonder what many people with office jobs now are doing.

Re: Silicon Valley sees AI as the solution – for everyone else

#15

I don't find the "AI will cause mass unemployment" argument compelling, in fact I see the opposite as being true. The reason we are talking so much about that now is that at the current level of productivity, we just don't need as many humans to do the work, as companies can use AI as leverage to not hire as many people. This i feel will be a short lived period where not everyone has adopted AI to the fullest and thu…

5 to 10 years of 20% unemployment could be verydangerous in places like the us

Re: Silicon Valley sees AI as the solution – for everyone else

#16

I don't find the "AI will cause mass unemployment" argument compelling, in fact I see the opposite as being true. The reason we are talking so much about that now is that at the current level of productivity, we just don't need as many humans to do the work, as companies can use AI as leverage to not hire as many people. This i feel will be a short lived period where not everyone has adopted AI to the fullest and thu…

The economics of AI investment don't make sense without the promise of vast displacement of labor. There's a ceiling on how much value can be created for a company simply by them using AI to crank out a higher throughput of TPS reports.

Re: Silicon Valley sees AI as the solution – for everyone else

#18
post #3
post #2

Full title: "Silicon Valley sees AI as the solution – for everyone else, it’s the problem"

I don't understand why OP cut that off... that's a completely different title.

Even when the full title is displayed it can be interpreted in two ways.

Re: Silicon Valley sees AI as the solution – for everyone else

#19

I don't find the "AI will cause mass unemployment" argument compelling, in fact I see the opposite as being true. The reason we are talking so much about that now is that at the current level of productivity, we just don't need as many humans to do the work, as companies can use AI as leverage to not hire as many people. This i feel will be a short lived period where not everyone has adopted AI to the fullest and thu…

Even before AI, there was a serious hiring problem in the United States. Companies seem hell bent on not hiring full time employees at a livable wage. I don't blame the technology, but I do blame the greed of business owners and investors.

While its easy to look at the big picture and long term and say everything will all work out, there are so many individuals who are being hurt because of layoffs, reduced hiring, etc. My team is stressed out because they feel an axe hanging over their heads because private equity has declared no more hiring US developers. It's either AI or outsourcing. We should try to be empathetic because real people are losing their livelihoods and the long term isn't going to help them one bit.

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