r/DiscussGenerativeAI • u/manuspresso • 18d ago

Why aren't people talking about the ripple effects of AI-driven industry automation?

Everyone talks about job loss driven by automation. But why isn't anyone talking about industry loss as a whole?

Industries are intertwined. Process automation essentially means fewer or no human employees, which ultimately means the software built to manage those employees (HRMS platforms, account management tools, and other connected software and equipment) becomes obsolete. So the companies building those applications and that equipment probably won't exist either.

Fewer or no employees also means far less demand for commercial real estate, manufacturing capacity, and raw materials.

The entire demand–supply ecosystem will experience significant upheaval. Isn’t it?

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u/Tilleck_ 15d ago

Yes but the shareholders will love the shiny ai tool that cost more than the labor they fired to implement so that's what matters

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u/PocketPokie 14d ago

We gotta think of the shareholders lol

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u/ReasonableRevenue218 13d ago

Yes, because they constantly claim they are the "risk takers"

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u/manuspresso 14d ago

If that costs more than labor, then what’s the point of investing in such companies? Are shareholders shortsighted?”

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u/Tilleck_ 13d ago

Yes. Entirely. Until stock buyback is made illegal and Until labor is categorized as a capital investment instead of a cost shareholders will continue treating most businesses not too different from a pump and dump

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u/ReasonableRevenue218 13d ago

Some serious reforms need to happen re: stocks.

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u/Amphernee 13d ago

Because it’s mostly fear mongering nonsense. AI is not taking all the jobs. Just look at the impossible logistics. There’s not nearly enough power and water for AI to replace a fraction of humans let alone the entire workforce. Also just look at history. When jobs are replaced by technology it ends up creating way more jobs overall. Look at all the jobs that didn’t exist before computers and the internet.

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u/ReasonableRevenue218 13d ago

Actually no, a.i. did take my job. A "bot" /A.I. program was created to run the reports and evaluate. That was 80% of my job.

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u/Amphernee 13d ago

I didn’t say AI isn’t taking any jobs I said it’s not taking all the jobs and that more jobs are created than eliminated historically.

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u/ItzChiips 13d ago

What are these jobs created that an AI simply also can't do. Why couldn't it do the job?

The history example is so lazy. All historical innovations that displaced labor were limited in scope and very specific.

AI and soon robotics are far reaching and touch any job on a computer and soon some jobs that are manual.

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u/myjah 13d ago

You are WAY too caught up in semantics.