Comment It's not an AI jobpocalypse...it's a shit economy (Score 1) 57
We got really lucky in the past. As soon as one technology was introduced, another arrived shortly afterwards to give the illusion that endless growth is possible with innovation. However, we created multiple new markets back-to-back: In the late 90s, everyone had to get connected to the internet. In the early 2000s, all business process had to be moved from client/server to web-based applications. Then the iPhone was introduced and now every business needed a mobile presence. Afterwards, we had economic expansion from the big data craze as well as some crypto jackassery....then we had ML and AI. OK...well now we don't have anything new and exciting for businesses to spend money on beyond LLMs which aren't really providing the return on investment promised. Once we find the next useful business innovation, we'll see more familiar growth patterns. However, now...everything is on the web, architecture is largely web-scale, if a mobile app is needed, it's written already, if ML is useful, it has been applied...big data systems are now in production.
I've said it here many times before, but historically, no business wants to do just do the same amount of volume at slightly less cost. Nearly all of them want to crush their rivals and expand their market share. Wall Street loves growth MUCH more than cost savings. It's just bullshit to say we've stopped hiring because of AI. If AI was really helping, they'd keep the headcount the same and increase workload/volume....and lay everyone off much later after they've grown as much as they can.
Look the economy is shitty, it's harder to predict costs than it has been in modern history.largely due to the stupidity going on in the US gov right now. A CEO can either say "we overestimated our demand and need in previous years and need to correct our headcount"....or "hey, we're going all in on the future...AI, baby!!!!!"