Make a Living in a Bad Job Market(wired.com)
wired.com
Make a Living in a Bad Job Market
https://www.wired.com/story/why-there-arent-enough-electricians-and-plumbers-to-build-ai-data-centers/
2 comments
Might not be everyone’s dream but a union tradesperson can make a living. Now it looks like jobs will be available. I’m a retired union electrician with a paid off second snowbird home in Florida. Funny thing is with in a stone’s throw from that house are three other retired union trades people snowbird homes.
The problem with this article is that after all the low hanging fruit white collar jobs (writing, programming, artists, finance, etc) are done by AI, this is next in the value chain.
WIRED has just told VCs and private equity investors alike what the new value is for budding and existing AI startups they funded to scoop the value creation ROI for their funds.
So this will end up having the opposite effect over time. It will go like this:
AI as an assistant (25% of work done by AI) + experienced electrician / plumber (75% of work done by human)
AI doing half the work (50% of work done by AI) + experienced electrician / plumber (50% of work done by human)
AI does most of the work (75% of work done by AI) + experienced electrician / plumber (25% of work done by human)
AI does almost all the work (95% of work done by AI) + experienced/junior electrician / plumber (5% of work done by human)
AI does 100% of all the work.
During this process, the VCs and investors already made a killing on the public and private markets. Returns parts or all of the fund, raises a new fund and onto the next "safe job"
Rinse and repeat.
WIRED has just told VCs and private equity investors alike what the new value is for budding and existing AI startups they funded to scoop the value creation ROI for their funds.
So this will end up having the opposite effect over time. It will go like this:
AI as an assistant (25% of work done by AI) + experienced electrician / plumber (75% of work done by human)
AI doing half the work (50% of work done by AI) + experienced electrician / plumber (50% of work done by human)
AI does most of the work (75% of work done by AI) + experienced electrician / plumber (25% of work done by human)
AI does almost all the work (95% of work done by AI) + experienced/junior electrician / plumber (5% of work done by human)
AI does 100% of all the work.
During this process, the VCs and investors already made a killing on the public and private markets. Returns parts or all of the fund, raises a new fund and onto the next "safe job"
Rinse and repeat.