3 ms·

This article has a glaring category error. It attributes the past several decades of losses in the college wage premium to AI; yet AI has only existed in its cu

This article has a glaring category error. It attributes the past several decades of losses in the college wage premium to AI; yet AI has only existed in its current useful form for less than half a decade. The decline in college wages is largely attributable to outsourcing and the rise of global expertise. Skilled labor can be performed at an equivalent level for lower cost abroad. The issue is outsourcing. And AI is the latest iteration of this.

verdverm 4mo ago
I wouldn't attribute anything to a single cause. Capital has far more power than labor right now. Balance needs to be restored
rustcleaner 4mo ago
I'll be real here: as a customer having to call into support, I have had way more unsatisfactory experiences dealing with "south asian" reps than I've had with AI. That offshoring has been absolutely horrible and it needs the heavy hand of government to put an end to it: Hire Americans for tech and support roles or be ready to pay taxes which will cost more than any cost savings that are had by offshoring, with the caveat that moving HQ out of America to try to dodge this -> full sanctioning from doing business with America or American companies. This is not a funny dynamic, and the only real winners in this have been the investors. I would hardly call Microsoft an American company anymore.
- Rekindle8090 4mo ago
  [dead]
thefz 4mo ago
> I wonder what’s happened to capital over this time? Value of S & P 500, inflation-adjusted, 1/2000 to 9/2025 (same period as the wage data): > 2000: $1,394 > 2025: $6,688 > On average, for more than the students' entire lives, stock-owners like Schmidt and (to a much lesser extent) I have stolen every last drop of the productivity increase of US workers at every age and education level. Zero mention of AI here.

3 ms·

This article has a glaring category error. It attributes the past several decades of losses in the college wage premium to AI; yet AI has only existed in its cu

by tristanj 4mo ago

verdverm 4mo ago
I wouldn't attribute anything to a single cause. Capital has far more power than labor right now. Balance needs to be restored
rustcleaner 4mo ago
I'll be real here: as a customer having to call into support, I have had way more unsatisfactory experiences dealing with "south asian" reps than I've had with AI. That offshoring has been absolutely horrible and it needs the heavy hand of government to put an end to it: Hire Americans for tech and support roles or be ready to pay taxes which will cost more than any cost savings that are had by offshoring, with the caveat that moving HQ out of America to try to dodge this -> full sanctioning from doing business with America or American companies. This is not a funny dynamic, and the only real winners in this have been the investors. I would hardly call Microsoft an American company anymore.
- Rekindle8090 4mo ago
  [dead]
thefz 4mo ago
> I wonder what’s happened to capital over this time? Value of S & P 500, inflation-adjusted, 1/2000 to 9/2025 (same period as the wage data): > 2000: $1,394 > 2025: $6,688 > On average, for more than the students' entire lives, stock-owners like Schmidt and (to a much lesser extent) I have stolen every last drop of the productivity increase of US workers at every age and education level. Zero mention of AI here.