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100 sats \ 6 replies \ @Zion 4h \ on: 7 months into 6 months away from AI stealing your jobs AI
Entry level jobs are getting eliminate with every A.I updates
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Indeed.
My favorite relevant quote from Milton Friedman.
While traveling by car during one of his many overseas travels, Professor Milton Friedman spotted scores of road builders moving earth with shovels instead of modern machinery. When he asked why powerful equipment wasn't used instead of so many laborers, his host told him it was to keep employment high in the construction industry. If they used tractors or modern road building equipment, fewer people would have jobs was his host’s logic. "Then instead of shovels, why don’t you give them spoons and create even more jobs?" Friedman inquired.
Does technology affect the job market? Yeah, of course. Is it gonna eliminate all work? Nope. We find new stuff.
Fear is the mind killer.
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Great quote.
When people ask me about what AI will do to jobs, my reply is,
"Yes, AI may hurt some jobs. But instead of thinking about jobs as they exist now, you should ask yourself: What will people do that provides value to each other in the future?"
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Exactly. I mean, I remember the first time I realized that the idea of a "job" is a relatively new thing. Its probably gonna evolve over time. I'm not shilling for the "gig economy" but rather the reality that things change and that's not really a choice. Its a reality and those that want to survive will evolve. The false idea that the state can stop it or even control it still hasn't died. What usually happens is that smart politicians see a trend and try to ride it and take some credit for it. You can see this with AI and Bitcoin in relation to Trump and his crew.
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Nice quote!
I think that the promise of AGI makes many businesses act prematurely. But since Big Tech keeps underdelivering 1 this may very well dampen soon.
Footnotes
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gpt-5 wasn't AGI, in fact, there were some regressions in instruction-following (i.e. impact of RL directives) vs some of their earlier models from the previous generation, they admitted this in their system card (latest version, still has the notes: https://cdn.openai.com/gpt-5-system-card.pdf) ↩
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Yeah, I'm not an old timer but I've been around long enough to have bags of salt that I keep around for when these scammers start shilling their latest amazing product.
Sometimes there's actual value but its almost never what they promise. Its just how the VC world's incentives work. Fiat money fuels it. VC could be better with hard money. More real. More sustainable. More prosperous.
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