this post was submitted on 16 Jan 2024
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264
CEOs say generative AI will result in job cuts in 2024 (arstechnica.com)
submitted 10 months ago by [email protected] to c/[email protected]
65 comments fedilink hide all child comments
 

And last year they were all saying some variation on "don't worry, AI is not going to cost anyone their jobs."

Key take away for anyone is to never trust what an executive is saying. Much like a politician, if their lips are moving they are probably lying.

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[–] [email protected] 102 points 10 months ago (1 children)
  1. CEO wastes a ton of money on generative AI
  2. CEO fires a bunch of people to hit quarterly profit targets

generative AI resulted in job cuts.

[–] [email protected] 24 points 10 months ago (1 children)

Yeah, what's unfortunate about CEO predictions is that they can kind of just will their expected result into being by acting on it whether it's sound or not.

Still, I think it's well past time we started preparing for high surplus labor. We're already in the early stages of post scarcity, and if we don't embrace something like socialism, we're getting more dystopia.

[–] [email protected] 4 points 10 months ago (1 children)

I have absofuckinglutley no faith whatsoever in our society to do the right thing in this respect. We value ownership waytoofuckingmuch when it comes to businesses, were never going to get past the argument of "I put forward the capital for this business, I am entitled to all of the profits. Who cares that there is no work for you? No work no pay."

I forsee a gigantic increase in homelessness and politicians will use that as an excuse to further cut any social spending as they'll pin all our issues on "communist policies." :(

[–] [email protected] 1 points 10 months ago (1 children)

Are you familiar with the term "capitalist realism"?

[–] [email protected] 1 points 10 months ago

Not in that term, but as a concept. I do know it now though so thanks!