My take:
The AI scam is a bubble. It's going to burst, and 99% of the "value" in it will evaporate. (There will be some utility in the 1%.)
There will then be demand for skilled human employees … who will be few, because unused skills atrophy and there's a crimp in the training pipeline.
Wages for those who can do stuff will spiral.
But there'll be a net productivity decline and a recession.
So: the long-term legacy of the AI bubble will be stagflation.
https://toot.cafe/@baldur/114443358373790490
Baldur Bjarnason (@baldur@toot.cafe)
“The AI jobs crisis is here, now - by Brian Merchant” https://www.bloodinthemachine.com/p/the-ai-jobs-crisis-is-here-now > The unemployment rate for recent college graduates is unusually high—and historically high in relation to the general unemployment rate "AI" is killing entry-level jobs, which means that a few years down the line companies won't have senior labour to hire. This also shows that talk about “AI literacy” and “AI skills” is a joke. You’re not gonna need any skills if employers aren’t employing in the first place