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TheDividendReport t1_j5l923q wrote

Reply to comment by pehnsus in In case the non physical job apocalypse happens, what will you guys do? by pehnsus

This is the point I've tried making when people say "you can't attribute AI to layoffs - we're in a recession".

Automation doesn't displace as it's adopted - it displaces when businesses "trim the fat" during economic hardship. This is what happened in 2008 and had a clear impact on much of the building populism in 2016.

During economic hardship, businesses re-evaluate and try to do more with less. So, yes, layoffs are caused by recessions. But when the economy comes back and production levels reach the same as before with less workers, that's when you realize you've been automated.

Or in most cases, no one talks about the actual thing happening and blame immigrants

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SWATSgradyBABY t1_j5mz9k8 wrote

Agreed. I read this same analysis from a report written in the 70s. Same thing keeps happening but the propaganda and doctrine of our system is so powerful that the few groups of ppl that do manage to learn important things have to learn everything over again each generation.

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Lawjarp2 t1_j5nflf0 wrote

But without LLMs they wouldn't be able to trim so much fat. It does increase productivity in this specific area greatly.

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