Moody’s economist: GDP growth ‘fragile because we’re not creating jobs’

    https://thehill.com/business/economy/5662587-zandi-warns-gdp-jobless/

    Posted by HellYeahDamnWrite

    2 Comments

    1. This idea that AI creates as many jobs as it replaces always has been a lie, or at best a bad faith approximation, to legitimize this change. There is no evidence, that AI would create more jobs, because it’s impossible to predict. But the reality is also that stopping technological change just to preserve certain labor tasks is not sensible either. So how to use automation, while keeping purchasing power high? That seems impossible without just giving money to people.

    2. The only jobs I’ve noticed AI “creating” are jobs for recruiters. With every piece of AI news, there’s more layoffs because it’s a tool used to justify downsizing to most bigger companies under the guise of productivity gains, which is hilarious, as it’s much more effective for automating manual operations so employees can focus on high value things.

      It’ll be a LONG time before AI legitimately can replace employees, right now, it’s just a red herring for companies to inflate their stock because of AI while losing the cost of salaries / benefits for thousands.

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