20-30% white collar unemployment in the next 12-18 months -- how much blame will Trump get?

[Anonymous]

How do house prices and all prices keep going up if nobody is making money and getting laid off? The government stopped printing money and buying its own bonds years ago.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:|earn to <0de, commie by+che$

Computer science grads have the highest rates of unemployment. Learn another field and learn how coding & AI streamline your effort. Computer science shouldn’t be a major anymore.

New paper shows that AI may actually be slowing things down even though it feels faster.

https://the-decoder.com/ai-coding-can-make-developers-slower-even-if-they-feel-faster/

I think it comes down to how effectively a coder can weed out the bad code AI generates. AI generates quite a bit of bad code, if you couldn't write code very well in the first place you may be stuck following bad leads. Then I think there is a tendency to build bigger systems than would have otherwise been possible so you get into the situation where if you don't have the skills to manage a large code base in the first place it will make for some very difficult problems. This seems to be where AI has the most problems, you can't feed it your large program. It just doesn't get it. That being said a large proportion of programmers are what I would consider "script kitties". They leverage domain knowledge like "Bioinformatics" or "Finance" and write simple script programs using languages like R, Perl, Matlab, Power BI. AI can easily handle those kinds of scripts.

So yeah, it is going to make it rough for your entry level coders who would normally get by writing simple scripts and programs. I definitely don't need a summer intern, not that I needed one before but I don't see the summer interns of yore being able to compete with an AI chatbot.

[Anonymous]

The hype with AI is to boost sales and get more rounds of funding. We are years away from 30% of white collar workers losing their jobs.

[Anonymous]

Anonymous wrote:How do house prices and all prices keep going up if nobody is making money and getting laid off? The government stopped printing money and buying its own bonds years ago.

Investors are buying tons of residential real estate and that's what's driving housing prices up, not the working class.

[Anonymous]

Anonymous wrote:When AI replaces your mid-six figure job and you need to liquidate assets to feed your family I’m sure your plumber would be happy to buy your Porsche at a decent price. He’ll probably pay cash.

Ah, so this is the pivot fantasy for the guys let down that all the feds didn't end up working in the fields. Carry on, champ.

[Anonymous]

Anonymous wrote:The hype with AI is to boost sales and get more rounds of funding. We are years away from 30% of white collar workers losing their jobs.

In that case, it feels like we should be doing something to prepare to transition our economy, no?

The closest we've gotten is GOP trying to insert legislation to ban regulation of AI, and failing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How do house prices and all prices keep going up if nobody is making money and getting laid off? The government stopped printing money and buying its own bonds years ago.

Investors are buying tons of residential real estate and that's what's driving housing prices up, not the working class.

It's not just real estate. Prices continue to climb

If people aren't buying anything from the economy being horrible prices would fall. Even in housing investors aren't going to pay more for houses with renters that can't pay the increasing rent.

Something doesn't add up.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The hype with AI is to boost sales and get more rounds of funding. We are years away from 30% of white collar workers losing their jobs.

In that case, it feels like we should be doing something to prepare to transition our economy, no?

The closest we've gotten is GOP trying to insert legislation to ban regulation of AI, and failing.

Better than Democrats trying to subsidize AI with the Chips act.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Job loss due to automation has been predicted since the start of the industrial revolution. We haven't seen mass unemployment yet. I'll believe it when I see it. Jobs will change, but there will be jobs.

My thoughts exactly.

As an aside, it is great to see young people deciding not to go to college and learning a trade instead - auto mechanic, plumbing, carpentry, welding......all jobs that pay well and will be around for some time to come.

Great jobs until no one can pay them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How do house prices and all prices keep going up if nobody is making money and getting laid off? The government stopped printing money and buying its own bonds years ago.

Investors are buying tons of residential real estate and that's what's driving housing prices up, not the working class.

Exactly. A home in my neighborhood went on the market on a Thursday and sold $92k over asking to a LLC by that Saturday. This month it's up for rent at $5,500/mo. The Zillow monthly rent estimate based off the sale price of $1.2mil is only $3,879.

[Anonymous]

If your dollars are worth less then it takes more of them to buy anything

[Anonymous]

Anonymous wrote:

Anonymous wrote:Learn to weld

As a 45 year old parent in DC?

There's a welding school in Alexandria...

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:|earn to <0de, commie by+che$

Computer science grads have the highest rates of unemployment. Learn another field and learn how coding & AI streamline your effort. Computer science shouldn’t be a major anymore.

New paper shows that AI may actually be slowing things down even though it feels faster.

https://the-decoder.com/ai-coding-can-make-developers-slower-even-if-they-feel-faster/

I think it comes down to how effectively a coder can weed out the bad code AI generates. AI generates quite a bit of bad code, if you couldn't write code very well in the first place you may be stuck following bad leads. Then I think there is a tendency to build bigger systems than would have otherwise been possible so you get into the situation where if you don't have the skills to manage a large code base in the first place it will make for some very difficult problems. This seems to be where AI has the most problems, you can't feed it your large program. It just doesn't get it. That being said a large proportion of programmers are what I would consider "script kitties". They leverage domain knowledge like "Bioinformatics" or "Finance" and write simple script programs using languages like R, Perl, Matlab, Power BI. AI can easily handle those kinds of scripts.

So yeah, it is going to make it rough for your entry level coders who would normally get by writing simple scripts and programs. I definitely don't need a summer intern, not that I needed one before but I don't see the summer interns of yore being able to compete with an AI chatbot.

Someone who doesn’t understand the term script kiddies — it was never kitties — should not be weighing in on this.

[Anonymous]

Isn’t the end goal a techno-feudalistic society?

[Anonymous]

Anonymous wrote:Isn’t the end goal a techno-feudalistic society?

The end goal, whatever it is, doesn’t take you into consideration.