by root_axis
2 subcomments
- I think it's always important to consider incentives when thinking about what institutional leaders are saying.
> In a productivity boom such as this, a rise in unemployment may not indicate increased slack. As such, our normal demand-side monetary policy may not be able to ameliorate an AI-caused unemployment spell without also increasing inflationary pressure
I'm not saying AI isn't impacting the employment market, but this statement isn't really about AI so much as it is an advance warning that inflationary monetary policy is unavoidable if all the people saying that software engineering is dead are correct.
- I’ve been a nay sayer up till two weeks ago when I actually sat down and coded a non trivial feature with AI and I was blown away. The problem was one that there may have been at most 5 open source versions that they had been trained on.
Today I am planning an exit strategy. Anyone else considering what they’ll do in a post AI software engineering world?
- I'm not saying it is totally untrue, but this is the same generic, hedged statement that every business and political leader has been repeating for a couple years now. Unless there's anything new or noteworthy added (and looking at the article there isn't) what is really worth discussing?
by Avicebron
4 subcomments
- > While AI will offer "new opportunities,"
It would be helpful if this was articulated in depth. It's used as a shibboleth alongside "productivity" but it's rarely followed with the concrete details
by eighty8days
0 subcomment
- Is it AI that's causing problems or is the US govt finally acknowledging how high the bar is in general for getting employment? It's not just AI that has influenced that.
More importantly, are they planning to do anything about it?
- Cook says we are cooked should have been the title
by etc-hosts
1 subcomments
- Which means we'll all work on expanding the welfare state? Which exists to take care of the unemployed portions of our population. Right?
by hunterpayne
3 subcomments
- Just yesterday, Goldman and MS said the exact opposite.
https://www.washingtonpost.com/technology/2026/02/23/ai-econ...
by lelandbatey
3 subcomments
- > "Monetary policymakers would face tradeoffs between unemployment and inflation. ... Education, workforce, and other policy that is non-monetary may be better suited to address these challenges in a more targeted way."
How comforting. Sounds to me like "ZIRP won't fix this one folks, it's gonna take something other than money to fix what's coming."
by drivebyhooting
1 subcomments
- If productive output really stays the same while employment (and tax revenue) drops, there are only two ways for the government to stay solvent:
1. Print money
2. Increase taxation
That’s it. An eroding tax base necessitates one of those or a combination.
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