- cross-posted to:
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- cross-posted to:
- [email protected]
What future job market?
What future?
What?
?
The solution is to eliminate the jobs
They’re about to turn AI into a scapegoat for why kids are stupid and blame everything on it, as if before AI our education system was perfect.
You don’t need to pretend education was perfect before in order to realise that it’s getting worse and try to reverse the trend.
You also don’t need to pretend it was perfect before in order to see that the proliferation of LLM’s is harming education.
“Kids are dumb cuz AI” is literally the new “kids are dumb cuz phones”
It’s generational propaganda meant to divide us.
The article is well-written. I wonder how many employees will still be needed in 10+ years from now.
In case you haven’t heard about it, the labor market is regulated by supply and demand. That means, if there’s less demand, but supply stays equal, wages decline. That’s what people experience for the last decades. If this trend continues, demand for human labor might become very weak. That’s why people for one can no longer rely only on the incomes through the labor (wages), but need good safety nets (Universal Basic Income, UBI).
And also, demand for labor is another way of saying “how much are humans needed to perform tasks”. What if humans aren’t needed? Will people be ok with that?
You got a few things the wrong way round.
First, the last few decades it wasn’t the demand that was going down but the supply was going up with each generation joining the work force being larger than the one leaving into retirement, and also more women joining the work force.
These effects have ended. There aren’t more women to join the workforce and the baby boomers, the largest generation that ever existed going into retirement.
Also, you are forgetting what governs the demand for workers. It’s not some mystical fixed amount of work that needs to be done. A main feature of capitalism is that consummation is only governed by the available money, and it’s practically limitless apart from that. If people have infinite money, they will just buy 10 cars. Not because they need them, but because they can.
That means if there’s enough money around, there’s virtually infinite work to do and thus infinite demand for labour. The demand is only bound by the amount of money people are able to spend.
This leads to the current crisis. It’s not a crisis of too little demand for workers, but one of a bad economy. If the economy picks up, companies will start to hire again.