I recall similar predictions from stimulus from the mortgage crisis. Things did not seem to play out predictably, I'm not sure all the old rules are as hard and fast anymore as people think.
replyYou are off by several years on the interest rates, which have an 18-24 month impact. Also we have this idiotic and unlawful tariff war the US administration is currently perpetrating. But I'm certain AI is having a huge impact as well.
replyI'm unconvinced of the AI impact outside of the tech sector. But there's certainly a lot of uncertainty generally. Probably more senior people with reputations are in a better position but likely tougher for people with no records.
replyI agree generally as far as immediate losses. But I think longer term with AI soaking up a lot of investment dollars we see other places not seeing investment or hiring growth.
replyGraphic design and copywriting are possibly affected even worse than the tech sector, for one.
replyThere's a lot of reason to think companies citing AI as the reason for their layoffs are just lying because it looks better to shareholders, and that AI kinda sucks and isn't used for much yet.
https://budgetlab.yale.edu/research/evaluating-impact-ai-lab...
replyI don't have much involvement with graphic design but I agree that the impact on journalism and adjacent is pretty awful. Not sure how much is AI per se but certainly the economics have been pretty unfavorable. I'm not convinced it's just AI slop but but quantity can displace quality.
replyCombined with stimulus and PPP
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