Is AI Contributing to Rising Unemployment?
Posted4 months agoActive4 months ago
stlouisfed.orgTechstory
skepticalmixed
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Artificial IntelligenceAutomationUnemployment
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Unemployment
Article examines the impact of AI on unemployment, with discussion questioning the framing of the issue.
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And similarly the economic outlook is at risk right now, and companies are still shedding CVD overhiring (and many other reasons). AI MAY be having an effect but it's not as large as people are trying to make us believe.
AI does not necessarily make software engineers disappear - it makes it so that they're on the hook to deliver 8 features per week instead of 1.
A news company that has 5 writers won't fire 4 and make the last one use AI to replace them because the risk is another news company will make the decision to keep the 5 all using AI and rip 50x more articles per day and crush the other company to death.