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Pro @programming.dev

18h ago

AI’s Impact on Job Growth: AI is poised to displace jobs, with some industries more at risk than others. Is the paradigm shift already underway?

www.jpmorgan.com

AI’s Impact on Job Growth | J.P. Morgan Global Research

cross-posted from: https://programming.dev/post/35786855

Reddit.
The unemployment rate among college graduates has risen, with majors exposed to AI, including computer engineering design and architecture, among those affected.
In addition, job growth across several white-collar sectors has been tepid, pointing to AI’s growing role in the workforce.
Certain tech industries, including cloud, web search and computer systems design, stopped growing at the end of 2022, just after the release of ChatGPT.

Technology @programming.dev

Pro @programming.dev

1d ago

AI’s Impact on Job Growth: AI is poised to displace jobs, with some industries more at risk than others. Is the paradigm shift already underway?

www.jpmorgan.com /insights/global-research/artificial-intelligence/ai-impact-job-growth

10 comments

Poised? It's already happening. It's true that many businesses are rushing, and and many of these precipitated decisions are coming back to bite them in the ass. But it will pregressively happen.
Something similar happened when computers appeared, in the span of a few years a number of jobs almost disappeared, like typists.
Companies had floors of people, mainly women, typing out documents, accounting departments, document distribution Airplane crews (first the radio/navigators, then then engineers, 50% of flight crews) etc.
When CAD appeared, most of the draftsmen lost their jobs,
When internet appeared, many others went out the windows, like travel agencies, many retail jobs, banking, and many more.
Robotics killed millions of jobs in manufacturing, and so on.
The switch to cleaner or more efficient modes of energy production killed millions of jobs in the coal industry, mechanization in agriculture...
Disruptive technologies do that.
The large picture is generally good for society, but for individuals it's devastating.
Not an easy problem to solve.
The bullshit continues. Ride that bubble, JPMorgan, you do that.
Many of these trends were happening before GPT, but it sounds better to say it's because of AI and not shareholder value.
- I work in tech for a large financial company (not JP Morgan) and they've invested heavily in AI and expect a return. But it's a multi-pronged approach. More offshoring. Transitioning from internally maintained platforms to external SaaS solutions. More aggressively performance managing staff out of the company including older workers like myself. Setting expectations for those who will remain that they will be expected to use AI to work much faster with smaller teams.
  So AI isn't the sole cause. But it is accelerating the trends that were already happening.
Lawyers are already losing their jobs because of AI. HA!
If your workplace tries replacing your coworkers with LLMs, you should go on strike. If you don't feel like you have the capacitor to go on strike, you should build it. Now.
- While I'm 110% in favor of unions, they should concentrate on retraining. Those jobs won't come back, and forcing companies to keep using labor will make many companies less competitive, and will kill many of them, being counter productive in the long run.
  We need different strategies.
  
  Maybe if AI actually existed that would be a valid concern.
I don't know about you, but that JP is in the club that I don't trust at all...
I'm a contractor mechanic to a large stevedoring company and they have just hired an ai integration manager.
Rumours around the water cooler is no one likes her because she's getting in the way of everything.
It has me concerned because if they start laying off workforce there office staff i might not be their preferred contractor anymore haha

10 comments