RE: It's government policy, not AI that's driving the declining labour market...
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Just today I talked with a friend about that. He writes resumes for techs, and is really good at it. We talked about how LLM are affecting the tech-workforce, and he said it's not AI that is taking the jobs, but the fact that nothing new is being created. All that is now required is what they call "maintenance", meaning pushing a buggy update every two weeks that makes things worse. And they don't need many people for that.
Sarcasm aside, he has a point. And until now, most LLM are not that good to really hit the labor market. Yet. They might improve in coding and such. The good news is that this opens up the opportunity for trades. LLM won't be able to build houses for quite a while, or plumbing, or wiring. And at least in Germany, trade is looking desperately for workers, both trained and to-be-trained.
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I hear you - when AI gets applied to physical bots things will get mega disruption