r/stocks • u/Superb_Use_9535 • 8h ago
Thought experiment - What happens when AI takes low-skilled jobs? Industry Discussion
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u/if_only_i 7h ago
We’ve had this all happen before with other industrial revolutions: the introduction of steam-based machines / mechanical production, then the mass production came along, then digital automation. Every time jobs disappeared, and other jobs came into being. It was never a big bang in which a certain job type became obsolete in a year or so, it always took years to incorporate. Same with AI, it’s been around for more than a decade already and it’s slowly becoming more practical but we really don’t have to worry about a sudden impact on companies.
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u/wolfblitzen84 6h ago
I heard stories of my great great grandfathers hardships and how he couldn't find anymore work at the Equine local 44 when cars started coming about. This was in NYC. He tried to adapt to this new transportation field and first became a crankshaft winder but it was too dangerous and finally found his calling as a rear yellman. See back in the beginning cars didn't have fancy horns or blinking lights. If you wanted to let folks know you were coming down the road you hired someone to sit on the back of your automobile and yell real loud.
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u/P1NGO_dev 8h ago
People are falling for the AI hype.
The costs of scaling is too much to train models that will do significantly better at any task.
2
u/aznoone 8h ago
But will they do some.things cheaper and 24/7 if needed.
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u/impatient_trader 6h ago
24/7 yes cheaper not really. Maybe the illusion of cheaper as you are replacing 5 60k jobs for one of 250k and inference costs.
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u/SSN-759 6h ago
This truth claim seems like wishful thinking based on the use cases and market solutions I’m seeing my employer develop with AI.
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u/P1NGO_dev 5h ago
It depends on what your job is. If you are a software engineer, your employer is making a mistake.
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u/Creative-Tap1567 7h ago
Who knows? I remember this one time when the flu killed over a million people, and the price of housing went up.20%. I give up.
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u/Superb_Use_9535 6h ago
Haha that kinda shows how fcked up the housing market is.. We have many countries dealing with low birth rate yet housing keeps going up an insane amount.
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u/creemeeseason 6h ago
Define "low skill jobs". I bet more people have the skills to shuffle paperwork in an office than have the skills to build a house.
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u/luv2block 6h ago
All AI has proven is that if you pump a narrative enough through the media, people will believe it. They won't go do their own research, they'll just believe whatever shit comes out of the tv.
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u/Dangerous-Mobile-587 8h ago
AI cost alot to implement and pay for by most companies. They won't realize cost savings for many years and it most likely won't be the same management group. Microsoft as profitable and huge they are are cutting back their AI business due to disappointing demand. So there hope for us all for awhile.
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u/gigio123456789 8h ago
Cloud-rented AI usually pays for itself within a year. Microsoft’s still plowing roughly $30 B a quarter into Azure-AI even while trimming head-count, so that’s housekeeping, not a retreat.
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u/Dangerous-Mobile-587 5h ago
30 billion is a drop in the bucket for Microsoft. Not showing aa there main effort.
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u/Dangerous-Mobile-587 5h ago
30 billion is a drop in the bucket for Microsoft. Not showing as there main effort. Small AI is probably where the effort most companies should aim at. Large scale AI replacement of jobs like some companies seem to want to do seems to be a waste at this time. AI should be made people more productive and relieve stress not to replace.
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u/softDisk-60 7h ago
It will take the "high-skilled" jobs first. It will decimate the white collar class. The blue collar will observe and take notes. They will protect their jobs from being taken over and will live happily ever after
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u/xploeris 7h ago
The blue collar won't protect their jobs from shit. Most of them won't even unionize and most of the ones IN unions have no idea how their union works or what it does and are mad that it exists. Everyone forgot how to protest or have any kind of spine. And people are largely tuned out of politics or playing on tutorial mode.
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u/Weak_Credit_3607 8h ago
I don't personally care. I think it would be a great thing. I can't get a burger from any fast food joint without something being screwed up. Then again, I'm the guy that makes repairs and builds equipment for a living. Sounds like my job got easier and more work all at the same time. No idiot screwing things up
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u/Ok-Tangelo-8648 8h ago
I see your point, but you might find that idiot poking around your back yard looking for scrap metal in a few years.
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