You are right, because this is the exchange of one specialty for a smaller number of other more technologically advanced other specialties. This evolution is happening all the time, because professions are disappearing and being replaced by new ones. A miller, a ferryman across a river - I immediately recall the disappeared professions. Is someone grieving for them now? They were replaced by the same uncles and aunts, only with more technological equipment - a machine tool or a device.
No, it is not an exchange. Stop making shit up. Firing 100 000 workers to hire 10 000 other workers is not an exchange, it is a job cut and we are going to see more and more of these if the "AI" tools actually become useful -- however, even if they don't we are going to see a temporary period where they will be firing people to force AI adaptation that will fail and lead to massive crashes down the road. If they succeed though and become useful, then most of the people on this forum will be unemployed and that is a good thing. The only bad thing is when the people who are doing the firing are pure HR idiots who are unable to evaluate which workers are actually the best performing ones. Some companies do not have these issues, but many others do so it creates a drain on their most productive talents. Sometimes this leads to extremely profitable divisions turning into complete failures. Anyway many divisions in companies and jobs are useless, HR can be completely fired and replaced with AI in combination with a single off-sourced employee. Sitting in useless meetings all day and making up problems is not work that should be paid for, it is a game for toddlers.
You know the saddest past from this massive lay off is that when Zuckerberg told his 8k employess to WFH, but he sends them an email of layoff later. This massive lay off proves the AI snow ball is starting to threat human's existance.
The lay off due to the AI shifting is just flooded the market with talents, and force these talents to kill each other to fight for the same position. It's obviously making harder to get the job.
It creates imbalanced demand-supply between jobs and dalents. So it can be a loophole for a corporation to hire someone by paying him less than what he deserved.
You are onto something but you are completely wrong about the causes.
- The imbalance has long been in in the making, since universities became degree printing machines.
- Idiotic and incompetent people accepting low salaries is what is leading to lower salaries, Zuck or any other moron in charge has nothing to do with this.
Each time an useless idiot accepts a job in IT for a low wage anywhere, he is pushing the collective wage average down. Since we have an oversupply of people with degrees that are at best mediocre, and many who can't negotiate at all it leads to these kinds of outcomes -- a person that is not in high demand and can not negotiate is the worst combination when it comes to labor relations. If you are extremely competent or in demand, Zuck will pay you a ton. You clearly have missed all the news how much they were offering various AI experts. It is more money than the entire bloodline of 99% families in the world has earned.
Well, the layoff doesn't stop at Meta. Recently, LinkedIn has fired some 600 employees, and this is not stopping now. The companies are realising that the AI bots can do a much more effective and cheaper work as compared to humans, so most of the entry-level jobs and even the top managerial level jobs are at a big risk.
Yeah, there is still scope for the employees if they upgrade themselves to AI, as the AI still needs humans to run them effectively. However, the earlier you realise the importance of AI, the more it will help to secure our jobs, before it's too late.
That is a hallucination by average people that has no basis in reality. While there are massive layoffs and pushes towards AI, that does not mean that AI is doing great work. That has nothing to do with each other. The current state of AI work is abysimmal in many cases, employees are being forced to use AI in order to show false performance numbers. Just because they are using it, that does not mean in any way that they are actually producing better work because of it. If your manager is an idiot or if his boss is an idiot and they want you to use it, you will use it or you will be part of the next layoffs.
