Entry-level jobs down by a third since launch of ChatGPT • Hacker News Board

Re: Entry-level jobs down by a third since launch of ChatGPT

#181

Post by octo888 » Tue, Jul 01, 2025, 5:00 AM UTC

xivzgrev wrote: post #63

bachmeier wrote: post #34

Okay. It also coincides with the end of the post-pandemic hiring boom and the UK bank rate going from 0.1% to 5.25%. It's kind of funny that reliable data analysis has never been part of the AI hype when you consider that AI is used for data analysis.

Yes, but overall job ads are up. Pay is going up. But specifically entry level is down significantly since Nov 2022. All of your points - interest rates, post pandemic hiring boom would apply to market as a whole. Not saying it’s causation like the article claims, but there’s at least some correlation trend.

You can't trust job ads at all

Re: Entry-level jobs down by a third since launch of ChatGPT

#182

Post by [deleted] » Tue, Jul 01, 2025, 5:02 AM UTC

InkCanon wrote: post #124

These jobs are being offshored to India. You can tell by how they're massively hiring there. Google launches largest office in India https://www.entrepreneur.com/en-in/news-and-trends/google-la... Microsoft India head says no layoffs in India https://timesofindia.indiatimes.com/technology/tech-news/mic...

[deleted]

Re: Entry-level jobs down by a third since launch of ChatGPT

#183

Post by eru » Tue, Jul 01, 2025, 7:41 AM UTC

layer8 wrote: post #161

eru wrote: post #133

Earlier quoted context omitted.

Labour share have GDP has held roughly constant throughout the ages, even as we saw massive productivity increases since the dawn of the industrial revolution.

How does that equate to the workers receiving the lion's share of the massive productivity increases? Statistics like https://media.equality-trust.out.re/uploads/2024/07/incomedi... suggest that since 1970 the top 10% have profited more in their income than the bottom 50%.

You are comparing apples to oranges here. These are two completely different things.

Image the labour share of GDP could be a constant 100%, but perhaps the top 1% of workers (eg CEOs) get all the rewards and the other 99% get nothing.

(That's not meant to be realistic, just to illustrate that you can have a very unequal distribution despite a high or even growing labour share of GDP. No opinion expressed on whether the statistics you cite are any good.)

Re: Entry-level jobs down by a third since launch of ChatGPT

#184

Post by eru » Tue, Jul 01, 2025, 7:42 AM UTC

efficax wrote: post #175

eru wrote: post #134

Earlier quoted context omitted.

So here you are suggesting that when we observe that interest rates have been raised, we should conclude that the economy was strong? (Otherwise the central bankers wouldn't have raised.) But the original comment I first replied to seemed to suggest that high interest rates should lead us to deduce a weak economy.

you raise interest rates to slow economic activity, you lower them to speed it up. yes, if interest rates are raised, that means employment is too high, basically, and they want to lower it.

> yes, if interest rates are raised, that means employment is too high, basically, and they want to lower it.

Not directly. The Bank of England targets inflation, not employment.

Re: Entry-level jobs down by a third since launch of ChatGPT

#185

Post by layer8 » Tue, Jul 01, 2025, 10:41 AM UTC

eru wrote: post #183

layer8 wrote: post #161

Earlier quoted context omitted.

How does that equate to the workers receiving the lion's share of the massive productivity increases? Statistics like https://media.equality-trust.out.re/uploads/2024/07/incomedi... suggest that since 1970 the top 10% have profited more in their income than the bottom 50%.

You are comparing apples to oranges here. These are two completely different things. Image the labour share of GDP could be a constant 100%, but perhaps the top 1% of workers (eg CEOs) get all the rewards and the other 99% get nothing. (That's not meant to be realistic, just to illustrate that you can have a very unequal distribution despite a high or even growing labour share of GDP. No opinion expressed on whether…

That means that some (few) workers may be getting the lion's share (but note that "income" isn't limited to workers, so it may also be none), not workers in general. People are interested in the latter, not the former.

Re: Entry-level jobs down by a third since launch of ChatGPT

#186

Post by sublinear » Tue, Jul 01, 2025, 1:56 PM UTC

eru wrote: post #139

bluefirebrand wrote: post #107

Earlier quoted context omitted.

No, solving problems yourself is easier than understanding solutions that AI serves to you

I'm not so sure. An analogy: any idiot can take a calculus class today, but it took Leibniz and Newton to come up with it in the first place. (And even those geniuses didn't do it properly: it took until the likes of Karl Weierstrass and friends to put analysis on a firm footing.)

AI generated code in all but the most trivial cases is never production ready.

In the real world, the resulting code that correctly and efficiently solves a problem ends up being unique enough such that an AI wouldn't learn much even if you fed this result back in. It's just going to average away all the important parts that made it correct.

If real world code wasn't so sparse and time consuming to develop it wouldn't be so valuable in the first place. Not to mention the fact that the maintenance is what you really care about and where the real costs are. Application code doesn't stand still.