CEOs: AI Will Wipe Out Some Jobs

[supton]

surfing their free Obamaphones

That's doing pretty good, 8+ year old phones?

Maybe this will convince some of you:

The latest unemployment rate for June is 4.1%, according to the Bureau of Labor Statistics (.gov). This is a slight decrease from 4.2% in May. The number of unemployed individuals also decreased by 222,000 to 7.015 million. The labor force participation rate remains at 62.3%.

That means 37.7% do not participate!

I'm having issues understanding the numbers--

Looking in the data below this table, showing 16+ year old males, then 16+ year old females (not shown in an attempt at brevity), I get the 274M total population. Which matches this top section of data.

Ok, it appears to count all people 16 and older in this 274M number--including retirees? disabled? population of the USA is about 340M so 274M -> 66M under the age of 16? seems high to me, but google's AI says 73M under age 18 so perhaps true. 274M is the number of people in the USA age 16 and up.

170M/274M (using numbers from last column, first two) does give 62% participation rate. But only 7M are unemployed, with 6M looking--not sure what to do with those two numbers, is 7M reporting unemployed, but 6 out of 7 of them are also looking?

Google isn't telling me how many are retired in the US--just that nearly 60M are age 65 and older, which is 18% of the population. IF I were to make the bad assumption that the majority of 65+ are retired (or should be), should the 103M not in the force be reduced to 43M? and thus the actual percentage of people not working from age 16 to 65 be 16%? still a shockingly high number, but not the 38% as suggested.

Not only that, but while 16-18 year old persons ought to be working (build that work ethic!)--should they really be a part of this statistic? They are not adults. Not only that, but some portion of 18-20 should be off in 2 year degree programs, another portion of 18-22 in 4 year programs, and another portion of 18 to whatever in the military. Thus again reducing this 103M "not participating" number down by some factor.

What am I missing here?

 

[KrisZ]

What are you doing to support those in California?

California has a high poverty rate, even with various welfare programs, and faces significant income inequality. In 2023, California's official poverty rate was 18.9%, according to CalMatters, which is the highest in the nation according to some analyses. This translates to roughly 7.3 million people struggling to meet basic needs. While welfare programs like CalWORKs and CalFresh help reduce poverty, deep poverty remains a concern, with over 3% of families living with less than half the resources to meet basic needs, according to the Public Policy Institute of California.

Are you supporting 7.3 million poor in California? How much aid have you personally supplied? Post your bank statement and receipts.

Seriously man, you were provided proof young people of today seem to follow the same employment rates as in previous decades. It's OK to be wrong, I've been there many times.

 

[gfh77665]

That's doing pretty good, 8+ year old phones?

Yep. They have been getting them replaced. Immigrants got them free too, up until a few months ago.

https://donalds.house.gov/news/email/show.aspx?ID=EIT6GDBY4DWZY

https://www.texasattorneygeneral.go...-use-mobile-phone-app-bring-countless-illegal

 

[gfh77665]

Seriously man, you were provided proof young people of today seem to follow the same employment rates as in previous decades. It's OK to be wrong, I've been there many times.

Seriously, man, you are wrong.

Your so called proof is a "rate" that (for the third time) does NOT reflect those who have dropped out of looking for work. Once they stop seeking work, they are not counted in that "rate". Can you understand that?

Millions have checked out and are living on generational Welfare. Do you think Detroit (for example) that has an official unemployment rate of 4.6%, REALLY has 95.4% of its residents working? Seriously?

Factors That Affect the Unemployment Rate The unemployment rate is affected by:

• How many people are working (labor force participation)
• How many people are seeking work (unemployed)
• Job openings, layoffs and other labor supply and demand factors
• Industries’ barriers to entry, like degree or skill requirements

 

[KrisZ]

Seriously, man, you are wrong.

Your so called proof is a "rate" that (for the third time) does NOT reflect those who have dropped out of looking for work. Once they stop seeking work, they are not counted in that "rate". Can you understand that?

It’s the same statistic, they measure it the same over the years. The drop out would be similar as well as other variables, can you understand that?

I didn’t provide the stats to show an actual unemployment rates, but to compare them over few decades to see if your claim was true. And it isn’t. And my own personal experience also doesn’t support this “younger generation being lazy” notion.

You still got nothing as far as young men being lazy other than your biased opinion. Perhaps it’s the people in your neighborhood/circle, perhaps your own biased let’s you see what you want to see, I don’t know, but it’s not a wide spread problem as you make it out, that’s the point.

At this point you just sound like a disgruntled old man with a rosy picture of your own youth.

 

[JeffKeryk]

What are you doing to support those in California?

California has a high poverty rate, even with various welfare programs, and faces significant income inequality. In 2023, California's official poverty rate was 18.9%, according to CalMatters, which is the highest in the nation according to some analyses. This translates to roughly 7.3 million people struggling to meet basic needs. While welfare programs like CalWORKs and CalFresh help reduce poverty, deep poverty remains a concern, with over 3% of families living with less than half the resources to meet basic needs, according to the Public Policy Institute of California.

Are you supporting 7.3 million poor in California? How much aid have you personally supplied? Post your bank statement and receipts.

California is a big state, we have a lotta people. There is a big gap between the rich and others, no doubt.
Personally I have had a minimum gift goal of $10K per year; the last couple have been doozeys. It would not be good to list them because of the value.

My point to you is, you have stated many problems; what are your solutions? I am not saying you haven't helped but you sure seem to complain without solution.
My boss told me, "Don't you ever come to me with a problem that you do not have plausible solutions to."