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Then why is unemployment around 4%? You believe we have AGI and yet it can’t do anyone’s job?
by emp17344 29d ago
Then why is unemployment around 4%? You believe we have AGI and yet it can’t do anyone’s job?
- piloto_ciego 29d agoDidn’t I just see a thing about how actual unemployment is at like 24% a few days ago?
- raspasov 29d agoAccording to that interpretation, ~24% is one of the lowest ever. https://www.lisep.org/tru https://www.lisep.org/tru (I have not gone down the rabbit hole to understand how they achieve that 24% number)
- _superposition_ 29d agoWorkforce participation is different than unemployment. Didn't click the link but I suspect that's the case with your 24%
- cute_boi 29d ago24% sounds correct to me. Many of my friend who completed phd are currently unemployed .... And, some of them started doing random job like uber to make a living. If government don't step up and regulate outsourcing like 100% tax, big problems are coming up.
- asadotzler 29d ago24.9% is damn close to the 24.8% average over the ast 25 years, for the thing it's measuring-- jobless, people working part-time or involuntarily, and workers earning less than $26,000. Since 2000, it's been over 30% for more years than it's been under 24%.
- brokensegue 28d agoIf you're doing a job you aren't unemployed. Underemployment is measured separately
- hn_throwaway_99 25d agoI think the AI 2027 paper does a good job explaining this phenomenon: AI companies are focused on coding and automating themselves first (i.e. using AI to build future models and do AI research) because it is the best way to ensure the fastest accelerated rate for any frontier company. Automating the rest of the economy will come next. Also, while AI's effect on jobs may be currently overstated, it's also obviously having an impact. New CS grads and junior developers are having a hell of a time finding jobs now.