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Brad DeLong Mastodon
No typing-pool annihilation this time, at least not so far, and probably never. AI isn’t killing occupations, but watch out for the elasticity of demand!: **Retraining Workers for “AI”: CHART OF THE DAY** Firms are using AI as an excuse for layoffs, but when the New York Fed asked them if that was what they were really doing, they said: no, we are retraining workers instead... https://braddelong.substack.com/p/retraining-workers-for-ai-chart-of > 2026-09-03
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12 September
3 September
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korrents.com
Large layoffs tend to push out the best employees, who quit for competitors or start their own companies.Their words
That’s the problem with large layoffs; they prompt precisely the best employees to quit to join competitors, or launch their own businesses.
26 August
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korrents.com
The current tech layoffs are pandemic over-hiring correcting itself, with AI as the convenient excuse.Their words
And I think what we're seeing right now with some of the layoffs is a testament to that, not AI. It's just that during the pandemic, a bunch of overhiring went on, and now AI is a convenient excuse to slim down. But I do also think AI is going to expose some roles as just not being productive ways for humans to spend their time, and therefore we must come up with new ways of spending their time.
7 August
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11 March
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Their words
Because they're all starting to spend their own salaries in tokens. And so, at least for a while, if you want your engineers to be as productive as possible, you're going to have to get rid of half of them to make the other half maximally productive.
14 July 2023
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