Hit the nail on the head. In the tech world, especially in startups, the labor was really inflated. Deliberately. It was big easy to tell investors that you were growing and doing well because you had butts in the seat. That’s what in the 00s and 10s you’d hear all these stories about people working at startups and they were so cushy with tons of benefits and so on. It was a game to lure investors. As soon as AI comes along, you don’t need that excuse anymore. Now you can sell investors on token use. The bank crash in silicon valley helped. That’s why we saw the tech world get hit the hardest. Well that, and an infinite number of monkeys at a typewriter reproducing code. That’s what AI is. Code is predictable and structured. AI likes that.
Not to mention the non-deskwork side, direct management of logistics, factory floors that can be switched up via software in robot arms etc rather than expensive & real estate-intensive machinery, that’s being completely neglected by US firms. The whole thing looks like a recipe for implosion
Oh, its even worse for other fields. Even before 2000 there was software that used machine learning (but was not AI) that could outperform human beings by a large margin.
Hit the nail on the head. In the tech world, especially in startups, the labor was really inflated. Deliberately. It was big easy to tell investors that you were growing and doing well because you had butts in the seat. That’s what in the 00s and 10s you’d hear all these stories about people working at startups and they were so cushy with tons of benefits and so on. It was a game to lure investors. As soon as AI comes along, you don’t need that excuse anymore. Now you can sell investors on token use. The bank crash in silicon valley helped. That’s why we saw the tech world get hit the hardest. Well that, and an infinite number of monkeys at a typewriter reproducing code. That’s what AI is. Code is predictable and structured. AI likes that.
Not to mention the non-deskwork side, direct management of logistics, factory floors that can be switched up via software in robot arms etc rather than expensive & real estate-intensive machinery, that’s being completely neglected by US firms. The whole thing looks like a recipe for implosion
Oh, its even worse for other fields. Even before 2000 there was software that used machine learning (but was not AI) that could outperform human beings by a large margin.