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A while back I predicted that consolidation among tech would lead to an all out assault on tech worker jobs/salaries that mirrored the industry consolidation fo
by pydry 4y ago
A while back I predicted that consolidation among tech would lead to an all out assault on tech worker jobs/salaries that mirrored the industry consolidation followed by the joint assault on auto workers in 1950s Detroit by the big 3.
I also predicted that when it happened to tech they would blame AI, because the inevitable march of progress makes a more comfortable scapegoat than sundar pichai and satya nadella and mark z. if you're them.
It looks like we are right on track.
The really scary part is that tech workers not only aren't unionized, they aren't even correctly perceiving the attack on them as an attack.
And there is no resistance. No will to break these abusive monopolies (now acting as labor monopsonies) apart. No will to fight the 2nd round of illegal wage fixing. Just "oh well I guess ChatGPT can so my job now lol" of "economy sucks I guess".
- ChatGTP 4y agomakes a more comfortable scapegoat than sundar pichai and satya nadella and mark z. if you're them. You mean, those execs will start to use the "AI" excuse that they have to cut salaries because it's the only way to keep people employed ?
- gombosg 4y agoYes: "IBM to pause hiring in plan to replace 7,800 jobs with AI, Bloomberg reports" https://www.reuters.com/technology/ibm-pause-hiring-plans-replace-7800-jobs-with-ai-bloomberg-news-2023-05-01/ https://www.reuters.com/technology/ibm-pause-hiring-plans-re...
- lurking_swe 4y agoSince when did IBM pay well? I agree this will probably be a trend for the industry as a whole. But I doubt this trend will hold for the top paying companies.
- jtj606 4y agoThe article is discussing mostly how RSU-based compensation isn’t quite as valuable as it once was, considering the 2 year decline in tech stocks and delayed IPOs. While I don’t disagree that your longer term hunch may be right, declining stock prices aren’t really an assault on tech wages.
- pydry 4y agoNonetheless you can't discuss the reduction in tech worker compensation without discussing the synchronized layoffs.