News of the Day 6/11/25: AI
There’s no question that artificial intelligence has come a long way in the last few years. And it’s true that many jobs are likely to be re
Paywall free.
More seriously, from the NY Times:
"For Some Recent Graduates, the A.I. Job Apocalypse May Already Be Here" (Paywall Free)
You can see hints of this in the economic data. Unemployment for recent college graduates has jumped to an unusually high 5.8 percent in recent months, and the Federal Reserve Bank of New York recently warned that the employment situation for these workers had “deteriorated noticeably.” Oxford Economics, a research firm that studies labor markets, found that unemployment for recent graduates was heavily concentrated in technical fields like finance and computer science, where A.I. has made faster gains. [...] Using A.I. to automate white-collar jobs has been a dream among executives for years. (I heard them fantasizing about it in Davos back in 2019.) But until recently, the technology simply wasn’t good enough. You could use A.I. to automate some routine back-office tasks — and many companies did — but when it came to the more complex and technical parts of many jobs, A.I. couldn’t hold a candle to humans. That is starting to change, especially in fields, such as software engineering, where there are clear markers of success and failure. (Such as: Does the code work or not?) In these fields, A.I. systems can be trained using a trial-and-error process known as reinforcement learning to perform complex sequences of actions on their own. Eventually, they can become competent at carrying out tasks that would take human workers hours or days to complete.
I've been hearing my whole life how automation was coming for all our jobs. First it was giant robots replacing big burly men on factory assembly lines. Now it seems to be increasingly sophisticated bits of code coming after paper-movers like me. I'm not sure we're there yet, quite, but the NYT piece does make a compelling argument that we're getting close.
The real question is, why is this a bad thing? And the obvious answer is people need to support themselves, and every job cut is one less person who can do that. But what I really mean is, if we can get the outputs we need to live well with one less person having to put in a day's work to get there, what does it say about us that we haven't worked out a way to make that a good thing?
Put another way, how come we haven't worked out a better way to share resources and get everyone what they need to thrive when we honestly don't need as much labor-hours for them to "earn" it as we once did?
I don't have the solution, but if some enterprising progressive politician wants to get on that, they could do worse. I keep hearing how Democrats need bold new ideas directed to helping the working class.
More on the Coming AI-Job-Pocalypse
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& on the Job-Pocalypse & Other Labor-Related Shenanigans Generally, Too
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