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☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 2 days ago

Jerome Powell says the AI hiring apocalypse is real: 'Job creation is pretty close to zero.’ I guess AI is going to be how they're going to explain the recession away. 🤷

fortune.com

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Jerome Powell says the AI hiring apocalypse is real: 'Job creation is pretty close to zero.’ I guess AI is going to be how they're going to explain the recession away. 🤷

fortune.com

☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 2 days ago
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Jerome Powell says the AI hiring apocalypse is real: 'Job creation is pretty close to zero.’ | Fortune
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Powell said the Fed is walking a tightrope as AI-fueled investment props up growth but erodes hiring.
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  • DragonBallZinn [he/him, they/them]@hexbear.net
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    1 day ago

    Smol beanification of porky strikes yet again.

    “It wasn’t me? It was compooper UwU!”

    First rule of leadership, everything is your fault. We figured this out in the 70s. Don’t use computers to make decisions because computers can’t be held accountable.

    • ClimateStalin [they/them, he/him]@hexbear.net
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      1 day ago

      Oh, it was the computers fault? Cool, who owns the computer. Oh you? Cool still your fault, suck my balls.

  • Awoo [she/her]@hexbear.net
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    2 days ago

    AI has done jack shit except allow companies to cut workers and pass the workload onto remaining employees who do the same work without more pay and at a lower quality. Workers have not resisted this because they are not organised and without organisation they can’t even see they’re being lied to.

    • MLRL_Commie [comrade/them, he/him]@hexbear.net
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      1 day ago

      Exactly. This AI shit is just a stick to punish labor. At the levels they’re talking about, it has no other function accept to increase exploitation, not increase productive efficiency.

  • NephewAlphaBravo [he/him]@hexbear.net
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    2 days ago

    so the “job creators” aren’t doing their job and should be fired? anakin-padme-2

    • invo_rt [he/him]@hexbear.net
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      1 day ago

      anakin-padme-3

  • Coolkidbozzy [he/him]@hexbear.net
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    2 days ago

    CEOs are now openly telling investors: AI allows them to do more with fewer people.

    citations needed obviously, but this is the most textbook Keynesian example of a reason to reduce work hours that has ever happened

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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      They’re telling investors that, but studies paint a different picture https://www.cxtoday.com/workforce-engagement-management/businesses-are-still-struggling-to-see-roi-benefits-from-ai-investment-ibm-and-teradata-discover/

    • tricerotops@hexbear.net
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      18 hours ago

      deleted by creator

  • WokePalpatine [he/him]@hexbear.net
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    2 days ago

    It’s 100% going to be used to justify it and then they’ll blame workers for not getting non-AI-replacable jobs.

    • DragonBallZinn [he/him, they/them]@hexbear.net
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      1 day ago

      Yep. Already pretty much lost my 20s because I lost a game of Simon says with porky on what to major in, can’t wait to blow my 30s trying again with a master’s!

    • nothx [he/him]@hexbear.net
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      I’m going back to school for my masters in prompt engineering.

  • plinky [he/him]@hexbear.net
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    2 days ago

    guess where “ai” “happened” on this graph of productivity per hour

    • Speaker [e/em/eir]@hexbear.net
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      2 days ago

      Not the most depressing long COVID graph I’ve seen this year, but definitely top 6.

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