Study: AI wiping out entry-level jobs for young workers
Researchers at Stanford University say they have found strong evidence that Large Language Models (LLMs) are hitting entry-level jobs the hardest, especially for younger workers.
That was the point.
When we say capitalism eats itself. This is the kind of thing we're referring to. Terminal end stage profit seeking. To the detriment of literally, literally everyone. Job seekers, the currently employed who will have their wages even more heavily suppressed, even career employees who will be pushed out so they can be replaced. Even ultimately the businesses engaging in this suicidal nonsense themselves.
How does capitalism continue its fantasy of endless growth on a finite planet if nobody has money to spend on products and services? Short answer is that it doesn't. It will limp along on financialization and debt. But that correction will ineviably come.
I'm going to enjoy watching the AI bubble burst.
Me too. I am even going to enjoy these corporations get fucked over it. I wish there was a way to create a parallel economy that don't rely on massive corporations as being the driving force. One that prioritizes humanity over economic gain.
Maybe not, but a guy can dream.
It will limp along on financialization and debt.
I'm far from an expert or even very knowledgeable about economics (never taken macro or micro economics), but hasn't that been the case for decades?
The genius. Where are you going to get your senior engineers from in 5 years if you don't have juniors to begin with?
5 years? Line must go up this quarter, to hell with anything else
Oh, I'm sure the plan is to not need senior engineers by that time, and just replace them with AI, too
And if that doesn't work, panic and blame everybody else.
I don't know. Poland ?
Let's be honest. Who will remember who did what 5 years from now ? If it's not major military conflict or flop of the year nobody gives a fuck.
When you're trying to hire senior engineers and there are 5 years worth of senior engineers missing, somebody will remember.
There haven't been entry-level jobs in 20 years.
They all require experience and no longer offer training.
Every software engineering job expects you to come in trained and they have since at least the eighties. The standard training for a software engineer is a four year BS or BE. We've been churning out too many for sure, but employers have never trained developers from scratch. And they will always need to train developers in their own business and systems.
This is cope unfortunately.
As a person who has been managing software development teams for 30+ years, I have an observation.
Invariably, some employees are "average". Not super geniuses, not workaholics, but people who (say) have been doing a good job with customer support. Generally they can code simple things and know the OS versions we support as a power user -- but not as well as a sysadmin.
I do find that if I tell them to use ChatGPT to help debug issues, they do almost as well as if a sysadmin or more experienced programmer had picked up the ticket. It gets better troubleshooting, they maybe fix an actual root cause bug in our product code.
I don't get it, is ai bad in every possible way and it never works and always lies, singlehandedly destroying the planet while nobody uses it.... and jobs are being lost.
This just goes to show how much corporations hate employees and hate paying them. They would rather sell shit than pay employees, who are actually skilled at what do.
I find AI to be extremely knowledgeable about everything, except anything I am knowledgeable about. Then it's like 80% wrong. Maybe 50% wrong. But it's significant.
So, c-suite see it churning out some basic code - not realising that code is 80% wrong - and think they don't need as many junior devs. Hell, might as well get rid of some mid level devs as well, cause AI will make the other mid level devs more efficient.
And when there aren't as many jobs for junior devs, there aren't as many people eligible for mid devs or senior devs.
I know it seems like the whole "Immigrants are lazy and leech off benefits. Immigrants are taking all our jobs" kinda thing.
But actually it's that LLMs are very good at predicting what the next word might be, not should be.
So it seems correct to people that don't actually know. While people that do know can see its wrong (but maybe not in all the ways it's wrong), and have to spend as much time fixing it as they would have if they had just fucking written it themselves in the first place.
Besides which, by the time an AI prompt is suitably created to get the LLM to generate its approximation of the solution for a problem.... Most of the work is done, the programmer has constrained the problem. The coding part is trivial in comparison.
I think most people don't understand what programers do. They don't know why you need all these people to build an app. They think it's just coding.
I find AI to be extremely knowledgeable about everything, except anything I am knowledgeable about.
This matches my experience exactly. The problem is that the C suite isn't generally an expert in anything, and don't even realize it. They're going to keep thinking AI is amazing forever and not understand that's where the crash came from.
Yeah if AI worked well enough to replace jobs, it would work well enough to replace charity volunteers. This whole discourse reeks of populist thinking : "Our enemy is both pathologically weak and dangerously strong".
The US is probably in a recession.
These are the type of jobs (sales reps) that are usually cut first.
There are no "entry level" medical jobs.
We are. You can tell by the housing market, but nobody in power will admit it.