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la64710 commented on Mark Zuckerberg freezes AI hiring amid bubble fears   telegraph.co.uk/business/... · Posted by u/pera
alsetmusic · 3 days ago
It almost seems as though the record-setting bonuses they were dolling out to hire the top minds in AI might have been a little shortsighted.

A couple of years ago, I asked a financial investment person about AI as a trick question. She did well by recommending investing in companies that invest in AI (like MS) but who had other profitable businesses (like Azure). I was waiting for her to put her foot in her mouth and buy into the hype.She skillfully navigated the question in a way that won my respect.

I personally believe that a lot of investment money is going to evaporate before the market resets. What we're calling AI will continue to have certain uses, but investors will realize that the moonshot being promised is undeliverable and a lot of jobs will disappear. This will hurt the wider industry, and the economy by extension.

la64710 · 2 days ago
Correction if I may: Lot of AI jobs will disappear. Lot of usual jobs that were put on hold will return. This is good news for most of humankind.
la64710 commented on California unemployment rises to 5.5%, worst in the U.S. as tech falters   sfchronicle.com/californi... · Posted by u/littlexsparkee
trade2play · 8 days ago
Indian software wages are about 1/3 US. The U.S. would need to tax them much more to dissuade outsourcing.
la64710 · 7 days ago
How will you tax people in India sitting here in US?
la64710 commented on California unemployment rises to 5.5%, worst in the U.S. as tech falters   sfchronicle.com/californi... · Posted by u/littlexsparkee
lovich · 8 days ago
I really appreciate this generation of my fellow countrymen who just completely ignore all the benefits of brain draining literally every country on the planet of their ambitious and intelligent youth.

Oh well, better tell em all to go back. Might as well tell our allies to rearm because we’re worried about being ripped off. I for one will not feel ripped off when Germany has a functioning military again. It has always gone well for the planet when Europe is armed and angry

la64710 · 7 days ago
Just because you are losing does not mean you can change the rules of the game midway. Who kicked off globalization in the first place?
la64710 commented on California unemployment rises to 5.5%, worst in the U.S. as tech falters   sfchronicle.com/californi... · Posted by u/littlexsparkee
bsder · 8 days ago
Or, better yet, simply prevent any company who laid people off from being able to access any more H1-Bs for some number of years.

You can keep your current H1-Bs, but no more for you for 5 years if you do a layoff.

la64710 · 7 days ago
H1-b s are small compared to the offshoring of jobs. Have you seen the office sizes of every big and medium technology company in India and other countries? They employ thousands of programmers there. There is a much greater number of jobs that you don’t even see that’s get done from overseas. This invisible layer is much bigger than the annual 65k h1b jobs.
la64710 commented on California unemployment rises to 5.5%, worst in the U.S. as tech falters   sfchronicle.com/californi... · Posted by u/littlexsparkee
rayiner · 8 days ago
Absolutely. One time, I was explaining to this lady about immigration: that, if the shoe were on the other foot, folks from Bangladesh would’ve shut down the border long ago. She hissed at me: “well, we’re not Bangladesh!” White Americans are supposed to be above having normal human attachments to soil, kin, and clan.
la64710 · 7 days ago
Bangladesh border is quite open with lot of influx from refugees in Myanmar - of course some people there too don’t like it .
la64710 commented on Nobody’s buying homes, nobody’s switching jobs, America’s mobility is stalling   wsj.com/economy/american-... · Posted by u/sandwichsphinx
la64710 · 9 days ago
Homes are unaffordable to most. Even if you sell your house for a million dollar where will You move to?

As far jobs are concerned the job market is completely fucked up. Their is oversupply and there are no wage increase.

It does not take a genius to understand why there is no mobility.

la64710 commented on 'A black hole': New graduates discover a dismal job market   nbcnews.com/business/econ... · Posted by u/koolba
fennec-posix · 20 days ago
I think that's part of it, however it does seem the barrier to entry for anything now is a lot higher. People can argue what's causing that as they may, I cannot say for sure what causes it. Could be economic, could be cultural/procedural within corporates.
la64710 · 20 days ago
Offshoring … (not h1bs)
la64710 commented on The leverage arbitrage: Why everything feels broken   tushardadlani.com/the-lev... · Posted by u/tush726
nosefurhairdo · a month ago
Lots of bold assertions without evidence. Author claims Google's high salaries killed entrepreneurship. Is there any data to back this claim?

Or the idea that democracy can't adapt to social media discourse; not everyone is chronically online. Politicians still respond to public sentiment to similar degree as they always have.

Then there's this:

> AI systems aren't just tools—they're deployed faster than we can develop frameworks for understanding their social implications.

If they aren't just tools, what are they? Why do we need a framework for understanding their social implications?

Post feels like a fever dream of someone who fell asleep to the Navalmanack audiobook.

la64710 · a month ago
This is a blog post not a research paper. The evidence is anecdotal and most people with common sense know it by intuition all the facts that the author mentions.
la64710 commented on What if AI made the world’s economic growth explode?   economist.com/briefing/20... · Posted by u/andsoitis
la64710 · a month ago
And growing inequality …

u/la64710

KarmaCake day297March 8, 2022View Original