RetroFedGDP Growth in Second Quarter Slows to 1.5%, No Evidence of AI Productivity Boom
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^a succint highly professional description of the US economy right now as it is monomaniacally leveraged into AI.
reference video
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“If we fire all the people, and replace them with AI, we will definitely increase both productivity and earnings”
“Not tested in production? Well I’ve been testing it and sure it’s sure as hell been producing!”
“Shit, I guess this isn’t working, let’s just hire them back”
“…what do you mean they don’t want to come back?”
here’s some nerd who calculates that GenAI gives a senior dev a 15% productivity increase, and a junior 25%
https://bjorg.bjornroche.com/management/ai-productivity-gap/
HN correctly calls his numbers bullshit, especially because the time spend reviewing code is unchanged between pre- and post-AI:
https://news.ycombinator.com/item?id=49152222
Even if his numbers are correct, it essentially means that software companies are around 10% faster in delivering something, however that something might be even more bug-ridden and slow than before.
That so many sites now have you wait a few seconds before showing you the site cant be good for global productivity.