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AI could widen the wealth gap and wipe out entry-level jobs, expert says (www.npr.org)
submitted 1 year ago by to c/technology@piefed.social
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[–] 1 point 1 year ago (4 children)

Right, but it doesn't follow that there is a net loss of jobs.

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  • [–] 2 points 1 year ago (3 children)

    If you are producing X with 20 people, and AI reduces the burden on each of them by 10%, what do you think is more likely:

    • they start producing 10% more product (despite constant demand), or

    • they reduce their costs by 10%?

    Obviously not every position gets eliminated - some of those companies will produce more, instead. But to claim there's no net loss of jobs is just plain silly.

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  • [–] 0 points 1 year ago (2 children)

    The number of jobs to produce X decreases by 10%.

    Increased available labor then shifts to producing Y.

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  • [–] 2 points 1 year ago (1 child)

    So there's no net job loss because the people who are laid off will eventually find new jobs? What on earth?

    Given that mindset, then is all unemployment just fake? After all, they should just be finding a new job

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  • [–] 0 points 1 year ago*

    Um, yes? Of course, there is a time scale to everything, but yes, that is what "net" means. If someone loses a job and then gets another, then net job loss is 0.

    The unemployment rate goes up and down all the time for any number of reasons. Maybe AI will make it go up for a bit. But based on past trends, we can assume it will go back down again. It is unlikely we will end up in "end of the world, ai has taken all the jobs" territory any time soon.

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