Politicians keep saying 'AI will create more jobs,' but for those of you who actually lost your career to automation in the last 12 months: What is the truth they aren't telling us?

And I think they’re okay with that. At whatever point they reverse their move to AI and have to hire people to get back to a pre-AI standing, they’ll offer lesser wages and fewer/poorer benefits.

Regret? Nah, they were able to cull the herd and set a new standard for overworking remaining employees. Just have to patch the glaring holes. Executive teams already got bonuses for showing a few quarters of extra profit. Shareholders eeked out some more gains. HR is in higher demand than ever. Only ones suffering are the ones laid off because our corporate reward system is broken and the customers who won't get as good of a product. In the long term it probably will hurt the businesses a bit, but by then the decision makers will have already cashed their checks. And then the cycle continues.

That’s because they never laid off due to AI in the first place. It was a lie. They just wanted to hire cheaper labor. Companies are reducing head count in high cost of labor places like SF and NYC and rehiring in Austin, Atlanta, Boulder or overseas.

When that company comes knocking don't take a low ball offer either. Been calling this for a while.

Yes but you are forgetting that they'll try to replace those roles with less experienced people with lower salary expectations because of metrics and targets that they set for themselves

The dot com bubble wasnt much different mechanically, though the financial situation is very different. Everybody wanted a website just because they thought not having one was lost money When the dot com bubble burst you had hundreds/thousands of useless non-viable products dying overnight. But a handful of actually useful products survived and expanded the ecosystem. I imagine the AI bubble will play out similarly.

Likewise, with massive job cuts, who will have the $$ to buy their products and services?

I really don't think it's going to change much. Right now in accounting, my juniors are the ones using the AI. I then review it and teach the juniors how to review it in the future. They get better are doing the work and I get more time to build more processes for them to learn and taking care of higher level issues. They then learn enough to train and review the next round of juniors. You'll always need someone asking AI to do the work and double checking it. That doesn't scale currently. If AI does eventually scale then we'll need to rethink the entire profession because the accountants at all levels won't be needed. But there will still be lots of time to transition because laws and professional standards will need 10+ years to catch up to the technology.

I see how I worded that my bad. They will be *hit hard* as in there will be less of those positions, they will pay less, and they will have less responsibility due to having to work in tandem with AI. They would only be used to moderate AI and other human-focused activities. Those people will either stay stagnant or move up depending on the company they work for of course I came from a municipality league down in Arkansas a few months ago where some big voices from behind the scenes were talking. There are even some cities that are already ran mostly by AI. This event as well as transitioning over to account management for my role(so dealing with multiple companies from the tech side) is what showed me that AI is going to be more of a factor of jobs and not a pure replacement. And this is a 3-5 year thing, not a 5-10. It’s around the corner and I’m dealing with it everyday to varying degrees. You know how entry level jobs require 10 years of experience and all of that bs? Replace that with *X amount of years of experience with AI* and other related AI skills.