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CEOs Start Saying the Quiet Part Out Loud: AI Will Wipe Out Jobs

wsj.com

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Re: CEOs Start Saying the Quiet Part Out Loud: AI Will Wipe Out Jobs

#11

Post by sandspar »

rightbyte wrote: post #10
sandspar wrote: post #4

Could be a FUD article for clicks. But in my limited circle I've noticed lots of people simply... drop out. Like they get fired or quit then basically retire in their mid 30's. I don't know where these people are getting money from. Some people have kind of half-assed business ideas, like one of my buddies is designing his dream board game, another buddy is building an online wine merchant portal or something. In gen…

> I don't know where these people are getting money from Inheritance?

Quite possibly. Along with all the other crosscurrents right now, you have a fabulously wealthy boomer generation starting to give their wealth to their children. If I'm not mistaken, the millenial generation has a lower average wealth than previous generations, but the millenials with inheritances or family money are doing much better than almost any generation before.

Re: CEOs Start Saying the Quiet Part Out Loud: AI Will Wipe Out Jobs

#12

Post by karlgkk »

BLKNSLVR wrote: post #7

It's an easy thing to say without giving specific time frames. At least when Elon makes grand pronouncements he risks getting it horribly wrong. "told investors in May that she could see its operations head count falling by 10% in the coming years as the company uses new AI tools." Here's a time-frame a bit more specific then "in the coming years", but still vague: "Anthropic CEO Dario Amodei said in May that half of…

I suspect that if you’ve got your feet planted in the tech industry as an engineer, you have a long career with stagnant wages ahead of you

Followed by a huge boom in salaries once the workforce shrinks.

For example, go look at the hourly wage of a cobol programmer.

Re: CEOs Start Saying the Quiet Part Out Loud: AI Will Wipe Out Jobs

#15

Post by asielen »

I don't trust most CEOs perspectives on AI at all, they are far too removed from the actual work to know what AI can and can't do.

When I hear a CEO say this, what I hear is that they are going to use AI as an excuse to do massive layoffs to juice stock price and then cash out before the house of cards comes tumbling down. Every public company CEOs dream. The GE model in the age of AI.

Will AI drastically reshape industries and careers? Absolutely. Do currently CEOs understand or even care how (outside of making them richer in the next few quarters)? No.

CEOs are just marketing to investors with ridiculous claims because their products have stagnated. (See Benioffs recent claim that 50% of work at Salesforce is AI. Maybe that is why it sucks so much)

Re: CEOs Start Saying the Quiet Part Out Loud: AI Will Wipe Out Jobs

#17

Post by janalsncm »

asielen wrote: post #15

I don't trust most CEOs perspectives on AI at all, they are far too removed from the actual work to know what AI can and can't do. When I hear a CEO say this, what I hear is that they are going to use AI as an excuse to do massive layoffs to juice stock price and then cash out before the house of cards comes tumbling down. Every public company CEOs dream. The GE model in the age of AI. Will AI drastically reshape ind…

Well, that means they will continue to do it until it starts hurting their bottom line. Targets missed, sales down, etc.

Re: CEOs Start Saying the Quiet Part Out Loud: AI Will Wipe Out Jobs

#18

Post by rightbyte »

BLKNSLVR wrote: post #7

It's an easy thing to say without giving specific time frames. At least when Elon makes grand pronouncements he risks getting it horribly wrong. "told investors in May that she could see its operations head count falling by 10% in the coming years as the company uses new AI tools." Here's a time-frame a bit more specific then "in the coming years", but still vague: "Anthropic CEO Dario Amodei said in May that half of…

> Following on from cutting down entry-level jobs must imply cutting down on all those next levels up as well

Only if the amount of employees in each level is uniform.

I.e. if there are more entry level jobs than senior that wouldn't necessary be true.

Re: CEOs Start Saying the Quiet Part Out Loud: AI Will Wipe Out Jobs

#20

Post by happymellon »

janalsncm wrote: post #17
asielen wrote: post #15

I don't trust most CEOs perspectives on AI at all, they are far too removed from the actual work to know what AI can and can't do. When I hear a CEO say this, what I hear is that they are going to use AI as an excuse to do massive layoffs to juice stock price and then cash out before the house of cards comes tumbling down. Every public company CEOs dream. The GE model in the age of AI. Will AI drastically reshape ind…

Well, that means they will continue to do it until it starts hurting their bottom line. Targets missed, sales down, etc.

And then the ~~outsourcing~~ AI replacement may slow down or reverse.

Its happened before, it'll happen again, and ~~Visual Basic~~ AI may or may not change the landscape. I'm not that impressed with the current guise, but after a few revisions it may be better.

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