Last August, a team led by Stanford economist Erik Brynjolfsson published a deep look at the impact of AI on jobs, boosted by a “large-scale, high-frequency administrative dataset from ADP,” the largest payroll software provider in the United States.
The findings were stark: a significant relative decline in employment for workers ages 22 to 25 in the most AI-exposed occupations since the widespread adoption of generative AI — even after controlling for other economic shocks. Critics pushed back immediately. Google economists said it was interest rates, while others blamed tech-sector overhiring, remote work distortions, pandemic noise. Earlier this month, Apollo Global Management’s Torsten Slok continued to argue that entry-level hiring woes are a feature of the low-hire, low-fire job market, asking “where is the AI jobs crisis?“
Not only did Brynjolfsson keep updating the data, but he partnered with ADP Research, the economics arm of the private payroll data provider, which serves roughly one in six American workers. The effect hasn’t faded after a closer look.
Cunari on
The thing is that entry level jobs are sometimes the hardest jobs in the company…. And sometimes senior jobs are the easiest
tinny66666 on
New research shows that a technology designed to automate human work is replacing human workers. Details at 10.
chi_guy8 on
It’s undeniable that AI will certainly replace and displace many human jobs. Anyone trying to argue that is a moron. The (I think very flawed) counterargument that there’s not enough proof to say definitively is that, like other technologies of the past, AI will create new jobs we don’t currently have. This is the argument you hear from the (probably lying) CEOs pushing their AI products.
We have been seeing the job losses already, we are not seeing any new jobs created yet. When you have a technology that can do anything humans can do, any new jobs that will be needed will also be able to be done by AI or robots. The quicker society accepts this future and starts trying to do something about it now to protect billions of people, the better the outcomes will be for humanity. The longer we continue to pretend like everything is going to be OL because the people making billions selling the shit told us it would be, the more fucked we all become.
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From the article
Last August, a team led by Stanford economist Erik Brynjolfsson published a deep look at the impact of AI on jobs, boosted by a “large-scale, high-frequency administrative dataset from ADP,” the largest payroll software provider in the United States.
The findings were stark: a significant relative decline in employment for workers ages 22 to 25 in the most AI-exposed occupations since the widespread adoption of generative AI — even after controlling for other economic shocks. Critics pushed back immediately. Google economists said it was interest rates, while others blamed tech-sector overhiring, remote work distortions, pandemic noise. Earlier this month, Apollo Global Management’s Torsten Slok continued to argue that entry-level hiring woes are a feature of the low-hire, low-fire job market, asking “where is the AI jobs crisis?“
Not only did Brynjolfsson keep updating the data, but he partnered with ADP Research, the economics arm of the private payroll data provider, which serves roughly one in six American workers. The effect hasn’t faded after a closer look.
The thing is that entry level jobs are sometimes the hardest jobs in the company…. And sometimes senior jobs are the easiest
New research shows that a technology designed to automate human work is replacing human workers. Details at 10.
It’s undeniable that AI will certainly replace and displace many human jobs. Anyone trying to argue that is a moron. The (I think very flawed) counterargument that there’s not enough proof to say definitively is that, like other technologies of the past, AI will create new jobs we don’t currently have. This is the argument you hear from the (probably lying) CEOs pushing their AI products.
We have been seeing the job losses already, we are not seeing any new jobs created yet. When you have a technology that can do anything humans can do, any new jobs that will be needed will also be able to be done by AI or robots. The quicker society accepts this future and starts trying to do something about it now to protect billions of people, the better the outcomes will be for humanity. The longer we continue to pretend like everything is going to be OL because the people making billions selling the shit told us it would be, the more fucked we all become.