Reply to Is there going to be panic selling?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]And don’t forget, AI is also going to reduce the need for actual people at desks.  I’m very worried, sice I have most of my funds tied up in DC real estate.[/quote]

It has already happened at my job. I work for a small company that does data pre-processing and we have developed (or purchased..I have no idea) some tools that do some of the tasks. As a result, my team went from 5 people to 3. Just 2 years ago, we were thinking about hiring more people. Instead we are down 2 people.

I cannot speak for fields that I do not work in, but some of us are at risk. My company has been very very quiet about it.

[/quote]

How is this unique to DC area?  It's happening all over and in every industry.  It's the same thing that happened to IT/tech sector with outsourcing and H1B labor importing for decades now.  Except this time white collar jobs are reduced due to automation. Another thing I noticed happen on these premises is making each person take on more responsibilities.  [/quote]

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