Comment by seanmcdirmid
5 hours ago
We are seeing workers get laid off to free up more money for AI and only the AI techies are making more money? It could be temporary, but the way AI is currently owned and structured, the owners and investors are positioned to reap almost all of the financial benefits whereas workers will just be expected to do more with AI for the same pay and hours worked.
Workers are getting hired and fired in all kinds of economic situations all the time. At the moment, overall (US) unemployment at 4.1% hasn't moved all that much since the end of the pandemic, and is on the lower end of average overall by historic standards. We don't see any impact from AI so far.
As far as I can tell so far, the benefits from AI seem to flow mostly into customer surplus, not towards owners and investors. There's just so much competition between AI providers for anyone but customers to capture the benefits.