alt Hacker NewsBrynjolfsson: an AI “job apocalypse” is unlikely.
Also Brynjolfsson: It will likely impact entry-level jobs. There are huge implications for business and the economy, including some increases in living standards, but also, potentially, job disruption. We must act now to address this gap. We can’t just sit back and wait for the tsunami to hit us.
Also Brynjolfsson: If companies don’t hire people at the base of the pyramid, then they’re not going to have those people later when they need them. Now, AI can do a lot of those basic tasks. Some companies, such as law firms and investment banks, are not hiring as many people at the base. In the short run, I can see that logic, but, in a few years, where are they going to have the most experienced people? So they need to think harder about that.
So there's that. Basically what he's hoping is if everyone does what he recommends re: regulation and policy, then maybe the job apocalypse will become unlikely.
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Companies didn't like hiring entry level engineers even before AI came along because it took them such a long time to become productive and they had a habit of job hopping as soon as they did.
LLMs didn't really change anything about that but people like to give it credit for stuff.
In the long run it meant seniors commanded high salaries. It's the tragedy of the commons i guess except where the apocalypse is you need to build a free sushi restaurant and on site laundry for your spoiled developers.
Yeah the base requirement has gone up. So more training/schooling is required.
Imagine when jobs started adding the requirement entry level positions require ability to read? That cut out so many people when that requirement was added yet the economy survived