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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://wandering.shop/users/cstross/statuses/114443437447925926">Charlie Stross (cstross@wandering.shop)'s status on Saturday, 03-May-2025 22:36:53 JST</a><a href="https://wandering.shop/@cstross" title="cstross@wandering.shop"><img src="https://gnusocial.jp/avatar/35284-48-20230405092346.webp" width="48" height="48" alt="Charlie Stross" style="position: absolute; left: 0; top: 0;">Charlie Stross</a></section><article><p>My take:</p><p>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%.)</p><p>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.</p><p>Wages for those who can do stuff will spiral.</p><p>But there'll be a net productivity decline and a recession.</p><p>So: the long-term legacy of the AI bubble will be stagflation.<br><a href="https://toot.cafe/@baldur/114443358373790490" rel="nofollow noreferrer">https://toot.cafe/@baldur/114443358373790490</a></p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/4996690#notice-9792353">In conversation</a><time datetime="2025-05-03T22:36:53+09:00" title="Saturday, 03-May-2025 22:36:53 JST">about 15 days ago</time> <span>from <span><a href="https://wandering.shop/@cstross/114443437447925926" rel="external" title="Sent from wandering.shop via ActivityPub">wandering.shop</a></span></span><a href="https://wandering.shop/@cstross/114443437447925926">permalink</a><h4>Attachments</h4><ol><li><label><a rel="external" href="https://gnusocial.jp/attachment/4565330">Untitled attachment</a></label><br></li><li><article><header><div>No result found on File_thumbnail lookup.</div><h5><a href="https://toot.cafe/@baldur/114443358373790490">Baldur Bjarnason (@baldur@toot.cafe)</a></h5><div> from <span>Baldur Bjarnason</span></div></header><div>“The AI jobs crisis is here, now - by Brian Merchant”https://www.bloodinthemachine.com/p/the-ai-jobs-crisis-is-here-now&gt; 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</div><footer></footer></article></li></ol></footer></blockquote>

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Charlie Stross (cstross@wandering.shop)'s status on Saturday, 03-May-2025 22:36:53 JST Charlie Stross
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
In conversationabout 15 days ago from wandering.shoppermalink
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  Baldur Bjarnason (@baldur@toot.cafe)
  from Baldur Bjarnason
  “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

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