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US is starting to see heavy job losses in roles exposed to AI

bloomberg.com

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Re: US is starting to see heavy job losses in roles exposed to AI

#101

Post by nenadg »

visarga wrote: post #86
sdaHwtr wrote: post #40

It does not matter at this stage is an excuse for layoffs or not. The entire world should impose sanctions on the US for the largest IP theft in history until the laundering companies are illegal (and the waterways closed due to US wars are open). If this administration works against its people and the whole world, maybe there should be a regime change. Peaceful version of Jan 6th. All the unemployed have little to l…

Why just US and not China, France and UK? They all trained on internet text.

because it's bs sensationalism

Re: US is starting to see heavy job losses in roles exposed to AI

#102

Post by senordevnyc »

new_account_100 wrote: post #22
shevy-java wrote: post #2

Will the people wake up? We need a modern take of the movie "They Live". Granted, any copy would not be anywhere near as good as the original, even for a B movie, but AI is really turning into skynet (but it sucks).

If you're checking on open-registration internet forums (HackerNews in particular), you will never see "the people" wake up. If you're arguing against "AI" on HackerNews, you might as well join the Washington Generals. You and your opinion are tolerated only as long as there is a more popular pro-AI opinion in the replies to your comment.

In my observation, HN is rapidly turning into an extremely bitter and cynical anti-AI echo chamber.

Re: US is starting to see heavy job losses in roles exposed to AI

#103

Post by dlahoda »

jfengel wrote: post #88
TurdF3rguson wrote: post #66

Earlier quoted context omitted.

2% is not the opposite of suffering. It's suffering-adjacent. It loses ground to China.

The US GDP per capita is still well ahead of China. The fact that China is catching up is not a problem for the US. On its own terms, 2% isn't great. It's kind of the bare minimum. Anything less is losing ground in absolute terms, since that's the target for inflation as well. That's also assuming the number is trustworthy. The number is a mediocre metric to start with, and I don't trust the administration to be calc…

GDP per Capita is average which is also misleading.

Re: US is starting to see heavy job losses in roles exposed to AI

#104

Post by shwaj »

jollyllama wrote: post #67
smt88 wrote: post #54

Earlier quoted context omitted.

Those are the same roles that get axed first in any recession. Anything under “SG&A” is overhead that can be reduced.

Indeed, it's exactly what you'd expect if more people quit buying stuff.

Sales people sure, but secretaries and support staff?

Re: US is starting to see heavy job losses in roles exposed to AI

#105

Post by delfinom »

setsewerd wrote: post #90
LogicFailsMe wrote: post #55

Honey, I overhired during the pandemic and I need a scapegoat for the layoffs!

Yeah, the more data that comes out on the "AI employment disruption" the more it becomes apparent that AI is just an investor-friendly excuse to do the layoffs they were going to do anyway.

It is an executive friendly excuse.

No executive will ever want to say they made poor decisions that resulted in overhiring.

Instead, someone else's fault.

The same way for awhile the failings of certain businesses "those damn millennials refusing to spend money here" instead of "we priced ourselves out of the market".

Re: US is starting to see heavy job losses in roles exposed to AI

#106

Post by lotsofpulp »

jdietrich wrote: post #100
rsoto2 wrote: post #73

Earlier quoted context omitted.

Let's use percentage of people below the poverty line ( the actual poverty line is estimated between 97k(single) - 145k(family with children) Anybody reading hackernews that cares about GDP growth is profoundly misinformed. https://www.cbsnews.com/news/income-needed-get-ahead-145k-ha...

As a Brit, it seems hilarious that a single person with an income of $97k would be on the poverty line. That's more than double the median income for all households in the UK. A lot of Americans don't seem to realise how fantastically wealthy they are compared to the rest of the world. https://www.ons.gov.uk/peoplepopulationandcommunity/personal...

$97k per year isn’t that much when health insurance premiums are $500 to $1,500 per person per month with $5k to $15k annual out of pocket maximums. You have to build up decent savings to ensure you can take care of yourself for when you lose your income.

Re: US is starting to see heavy job losses in roles exposed to AI

#107

Post by mrtscollies »

csallen wrote: post #95
LogicFailsMe wrote: post #57

Earlier quoted context omitted.

[flagged]

It's depressing to see logic and reasoning in discussion replaced with name-calling and tribalism. "You're on the side of the " should rarely (if ever) be a valid rebuttal.

[flagged]

Re: US is starting to see heavy job losses in roles exposed to AI

#108

Post by cmiles8 »

amazingamazing wrote: post #31

The reality no one ever wants to talk about is that big tech doesn't need as many employees that it has. Anyone who has worked in big tech knows it is true.

This is very true and has been for a while. AI is just giving CEOs an excuse to just trim that fat.

Even after layoffs most of big tech could cut 50% of its workforce tomorrow and see minimal impact long term. Thats driving a lot of the present layoffs as CEOs go “oh crap we gotta look like we’re with the cool kids on this AI stuff”… and then just do a big cut and cite AI. Truth is they could have cut years ago but had no social pressure to do so.

Re: US is starting to see heavy job losses in roles exposed to AI

#110

Post by torben-friis »

amazingamazing wrote: post #31

The reality no one ever wants to talk about is that big tech doesn't need as many employees that it has. Anyone who has worked in big tech knows it is true.

Have you read the article? This is about professions like paralegals or translators, not engineers.
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