Anonymous wrote:According to Head of Economics at Anthropic,

"We find limited evidence AI has increased unemployment to date. ....

We find limited evidence, however, that AI is playing a role in the broader labor market today. The top 25% of workers most exposed to AI automation have similar trends in unemployment rates to workers with no exposure at all.

Hiring of younger workers in the most exposed occupations appears to have slowed faster than for non-exposed roles, but our estimates are imprecise and other non-AI factors may be playing a role."

I question how much of the layoffs are really due to AI. Would these companies still be laying off without AI? I would say, yes, because the economy stinks.

https://www.linkedin.com/feed/update/urn:li:activity:7435490247179816960/?origin=EDITORIAL_FEATURED_POST&midToken=AQGc7owrmxERuw&midSig=00PBpOFU9mUc81&trk=eml-email_editorial_suggested_top_conversations_01-truncated~share~message-0-see~more&trkEmail=eml-email_editorial_suggested_top_conversations_01-truncated~share~message-0-see~more-null-68kod~mmgr0ey9~7e-null-null&eid=68kod-mmgr0ey9-7e&otpToken=MTMwNTFhZTcxNTI5Y2RjNWJlMmYwMmVkNDQxN2U2YjM4N2NlZDE0Nzk5YTk4NTZlNzljNjA1NmI0YTVkNWFmNmY3ZGZiMjkyNTBiNGIwZGM2NmZjOTdlMzg2N2QxZWM3MGY3ZTRjOTM0YjUxNGU4Y2Y1YjgsMSwx

I agree. I think companies are using it as an excuse.

According to Head of Economics at Anthropic,

"We find limited evidence AI has increased unemployment to date. ....

We find limited evidence, however, that AI is playing a role in the broader labor market today. The top 25% of workers most exposed to AI automation have similar trends in unemployment rates to workers with no exposure at all.

Hiring of younger workers in the most exposed occupations appears to have slowed faster than for non-exposed roles, but our estimates are imprecise and other non-AI factors may be playing a role."

I question how much of the layoffs are really due to AI. Would these companies still be laying off without AI? I would say, yes, because the economy stinks.

https://www.linkedin.com/feed/update/urn:li:activity:7435490247179816960/?origin=EDITORIAL_FEATURED_POST&midToken=AQGc7owrmxERuw&midSig=00PBpOFU9mUc81&trk=eml-email_editorial_suggested_top_conversations_01-truncated~share~message-0-see~more&trkEmail=eml-email_editorial_suggested_top_conversations_01-truncated~share~message-0-see~more-null-68kod~mmgr0ey9~7e-null-null&eid=68kod-mmgr0ey9-7e&otpToken=MTMwNTFhZTcxNTI5Y2RjNWJlMmYwMmVkNDQxN2U2YjM4N2NlZDE0Nzk5YTk4NTZlNzljNjA1NmI0YTVkNWFmNmY3ZGZiMjkyNTBiNGIwZGM2NmZjOTdlMzg2N2QxZWM3MGY3ZTRjOTM0YjUxNGU4Y2Y1YjgsMSwx

Anonymous wrote:AI can't cut hair or do nails. Yet.

Yes but when everyone else loses their job who is getting their nails done? I grew up in the 70s when the economy was trash and had never met anyone who had their nails done. That was like super rich people. My mom got her hair cut but all of us kids and teens and my dad cut it at home. People keep saying service jobs but there have to be people working other jobs that generate sufficient income for them to hire these service workers. This is one of the huge problems with income polarization—the Richie richest just don’t generate enough jobs. You need lots of middle class and upper middle class workers to generate jobs for lower income service workers as those UMC folks do things like get their nails done, go out to eat, stay in hotels for vacation, redo their kitchen, etc etc. otherwise those jobs just dry up as well.

Anonymous wrote:The only safe place is the government - ironically. Everything moves so slowly it should be about 5-10 years before AI starts replacing feds with decision making responsibilities.

5-10 years? For the government??? Whoa there!! You’d better moderate your expectations a bit, the government isn’t that lightning fast!

AI can't cut hair or do nails. Yet.

Anonymous wrote:AI will not replace the jobs of those coding AI.

Oh yes it will. It can now code itself. Coders and programmers not needed.

The only safe place is the government - ironically. Everything moves so slowly it should be about 5-10 years before AI starts replacing feds with decision making responsibilities.