How do they even justify AI spending? All those trillions just to barely replace any jobs?
>>110108778The unemployment rate for *NEW* college graduates is elevated.
unemployment numbers are a scam, if you're unemployable you don't get counted
If you've been unemployed for longer than a few months, then you're not counted in the unemployed statistic (you're considered "out of the workforce" as if that were somehow a different meaning). The numbers are always perpetually low.
>>110108832Yep. What you really should look at is the "labor force participation rate" which currently is 61.8%. It is the percentage of "able bodied" adults between 20 and 65 who are currently employed at least part time. However, to OP's point, two years ago that rate was 62.6%, so the change since LLMs were unleashed isn't very large overall. For specific jobs however, there certainly has been a decline.
>>110108778"AI spending" is guillible investors pumping everything they have in hoping they'll get a 5 fold payback in a few years. Oh boy are they going to get buttfucked hard
>>110108778AI hasn't been deployed yet, it's being developed right now with limited use cases. It will take a few decades to implement it across all industries.
AI can't be my doctor, and even fix my car
>>110108778You retards almost deserve to get scammed by corpos.They don't need to justify anything. They push their worthless electronic ledger money into the bubble, make profits of the "stock prices" then they crash it, make the goverment (meaning tax payer) take over servicing the accrued debt and use their cash to buy the companies and assets crashing in the ensuing recession, with more than enough to spare for buying back stocks at the bottom of the crash.There is no mistake happening, no one is blind besides gullible tax piggies that play along with this scheme every single time.
>>110108803That doesn't appear to be an AI thing though.
>>110109809Not OP but I've fixed my car using AI.
>>110109868>take over servicing the accrued debtIf you really think this is going to happen you can buy the debt right now. It's paying upwards of 20% in your scenario, guaranteed.
>>110108778How about AI is much smarter than almost any human in any domain, but somehow we need more human generated training data? Why can't AI generate it's own training data?
>>110108778Most people already switched roles not in tech positions.What you need to see is how many new jobs are posted.
>>110109906US ia paying a metric ton of interest to China because they bought a lot of debt btw
>>110109965I just got hired as a software engineer at a company AI-maxing the other month. Thankfully the code I got tasked to work on is self contained so I can force the AI to behave, read all the patches etc. The people vibe coding seem to be doing a death march.
>>110109975I live in the US and am thinking about buying some of the AI debt in case they get bailed out.
>>110109975which they have been selling off for years now. us bonds have negative real yields.
>>110108803That's just H1B scamming qmd Indian nepotism.
>>110109906NTA but who exactly is retarded enough to believe the goverment won't bail them out like they always do?
>>110110241Most banks and pretty much anyone else with serious money apparently.
>>110109868Correct. Retailoyim are always exploited
>>110110241They will. But chances are you will still get screwed over.
>>110108778>Unemployment rateCheck workforce participation rate retard
