/biz/ - Business & Finance

>>55109279
Yea ai is doing all the work now. Market will pamp

>>55109297
fpbp

>>55109279
>>55109297
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>>55109297
Production and related employees include working supervisors and all nonsupervisory employees (including group leaders and trainees) engaged in fabricating, processing, assembling, inspecting, receiving, storing, handling, packing, warehousing, shipping, trucking, hauling, maintenance, repair, janitorial, guard services, product development, auxiliary production for plant's own use (for example, power plant), recordkeeping, and other services closely associated with the above production operations.

Nonsupervisory employees include those individuals in private, service-providing industries who are not above the working-supervisor level. This group includes individuals such as office and clerical workers, repairers, salespersons, operators, drivers, physicians, lawyers, accountants, nurses, social workers, research aides, teachers, drafters, photographers, beauticians, musicians, restaurant workers, custodial workers, attendants, line installers and repairers, laborers, janitors, guards, and other employees at similar occupational levels whose services are closely associated with those of the employees listed.

You really think AI has already replaced this much already? You are delusional and a moron

>>55109309
>You really think AI has already replaced this much already? You are delusional and a moron
would you rather be a rich optimist or a smart pessimist? Just stfu and go along with it

>>55109279
This was the same into 1929 isn't?

>>55109297
>>55109309
if AI was doing everything then wouldn't productivity be skyrocketing to new heights?

>>55109358
And wouldn't job listings be dissappearing?

>>55109279
It’s still above the median of the last 65 years; a period of extreme productivity and growth.

>>55109358
>if AI was doing everything then wouldn't productivity be skyrocketing to new heights?
It is working on things that were not even aware of right now and by Moore’s law it will just keep compounding at a rate humanity has never seen before. It will crush many people in its path. Ai is a fucking juggernaut

>>55109358
Everything in the market, not the economy. Prices pump. Not productivity. Least how I interpreted it.

>>55109348
I'd rather be a correct non-drooling non-moron
>>55109358
this doesn't measure productivity only hours. you all have no idea just how far off AI replacement of the workforce is... Hint: more than a decade, probably more than 2. watch congress discuss this with Sam Altman at their hearing 11 days ago.

>>55109368
job listings are a poor indicator of economic health, and don't account for job listings asking for people who don't exist (financial controller for 40k/pa for example, anything ridiculous like that slips through easily)

Average hours worked trumps any indicator of economic health you have. This in conjunction with rates far above what many Americans can afford on their mortgages is a perfect storm for catastrophy.

You hear so much sentiment that the fed will not hike again. This is not agreed upon sentiment, this is the market beginning to cope and cry out to stop because their wallets are really starting to bleed.

More for the AI copers. how long do you think it would take AI to replace transportation and warehousing?

These hours are at 2008 GFC levels and have not recovered whatsoever from covid, and now we are here after the emergence of Amazon?

It's over for the US economy for the next couple of years

>>55109358
you need to think about how productivity is measured

>>55109428
Alright, what manufacturing jobs can AI currently perform?

>>55109513
Numerically by product invoiced?

>>55109532
the same as they could 3 years ago. Note the machines you see in Elon's Tesla warehouse and shit are not AI, jobs such as those have been replaced for over a decade now.

>>55109544
You use GDP, however even GDP is not an accurate reflection of economic output and wellbeing as the price of money is manipulated far below what the free market would deem it. This results in the existence of companies who actually create less capital than is input, however since the capital input is not factored into GDP, only output, the company is deemed to contribute to the nations GDP even though it is a parasite which destroys capital every year.

>>55109279
lazy genZ

>>55109588
>the same as they could 3 years ago. Note the machines you see in Elon's Tesla warehouse and shit are not AI, jobs such as those have been replaced for over a decade now.
So that means it doesn't explain why hours are being replaced, why job listings aren't being removed and why profitability in manufacturing is cratering?

Also no, GDP is not a measure of productivity. Businesses measure productivity by products invoiced.

>>55109588
Hmph. I was gonna sound smart and tell you how much profit Amazon was making, but I guess I'll sound dumb and confirm that they're bleeding cash. Very interesting. Tons of revenue to make GDP look good though.

>>55109675
>replaced
Reduced.

>>55109679
No business measures productivity by revenue though.

>>55109675
shit bait

>>55109709
>Ooga booga we don't have a massive and recognized shortfall in the laborforce participating in manufacturing. Who are somehow cratering in profitability and workload.

>>55109297
you absolute dumbass
AI can't stand at a machine and make sure the tool doesn't break.

>>55109734
Not AI but CNC machines do most the work now.

CNC machines that have been common for over a decade, and in use since the 90s

>>55109308
If this worked, they wouldn't share it

>>55109498
scary

>>55109379
>It’s still above the median of the last 65 years; a period of extreme productivity and growth.
incl. pop growth

>>55109986
Population growth is almost a non-factor

>>55110094
https://www.statista.com/statistics/664993/private-sector-manufacturing-employment-in-the-us/
Despite the number of Americans employed in manufacturing decreasing while population increases?

>>55109823
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