A reality check on the AI jobs hysteria

jqpabc123

Unemployment rates for recent college graduates stand at around 5.6%, well above the level for all workers. I think we just found the first evidence of AI's expected influence on the labor market.

cmiles8

It’s mostly manufactured hype to keep the AI bubble going. Nearly all the tech layoffs are simply companies trimming fat that was there the whole time. Outside the tech bubble folks have increasing disdain towards AI and can smell AI generated content from a mile away. The tech is cool, and useful, but massively overhyped. Now there’s a mad rush for companies to IPO before the music stops.

gcanyon

Everyone saying AI is an excuse: <whatever> is always an excuse. Companies build up marginal people over time: people who aren’t overtly fire-worthy, but who aren’t core contributors either. The pressure builds up, like the conditions for an avalanche, over time. When it’s at a critical point an inciting event can be relatively minor. And then the list gets made, and if there’s no one who says, “We really need Bob,” Bob goes on the list. It can be about the proximal cause, but it doesn’t have to be at all. All of that said, AI is going to directly cause job loss, I’m calling it now. Not as much as the doomsayers predict, but more than most people expect.

qwerty_clicks

I’m working at a major fortune 100 company, they don’t even have MS foundry set up. There are probably ~10 ai use cases or less in the company now. So much hinges on figuring out who will grant permissions to create a resource or app ID…. The companies jobs are safe because they are sooo far behind and self-limiting.

FatherOfCurses

Anyone downplaying the impact of AI is looking at things from a practical perspective rather than getting inside the heads of decision makers. It doesn't matter whether AI is ready to do peoples' jobs. All that matters is whether leaders who make budgets *think* it is. If they all get around a table and decide "We can cut 500 heads this year, AI will cover the productivity loss" or "We can keep the workforce flat, AI will help our workers be more productive" then that will be the reality.