Saying the quiet part out loud – we’re all “lower value human capital” now . . .

[as seen on tv]

The CEO of a major bank could not have put it any more succinctly. This bank’s value jumped 65% over the past year, and to keep the party going 7,000 bank jobs will disappear. Because those workers are “lower value human capital”, to be replaced immediately by AI. You guys know who you are - don't whistle past the graveyard. (See link below).

This is a pro-AI speech made for investors and stockholders, no?

But bank CEO Bill Winters isn’t saying anything new, or even particular extreme. As tech companies release updated versions of their AI products several times a year, THOSE companies are gleefully name checking all the jobs which will become toast. Bill Winters is not the one deciding who gets fired – our news feeds are full of stuff from Anthropic and OpenAI regarding the beginning of the end of us.

Those tech CEOs are just beginning to understand why this might frighten workers and customers. And spur populist protests. So now these tech moguls are rushing to reassure people: “Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI.”

That’s a direct quote from Elon Musk this week on X. Does promising that this will be HIGH universal Income make his claim more palatable? Does Musk’s inability to say where the universal income money comes from make it less believable? Last time we checked on Elon, he was in charge of Trump’s DOGE (department of government efficiency) program. Slashing government spending across the board. Presumably to free up money to be spent SpaceX programs. The coming SpaceX IPO valuation is based on the premise that company profits will increase 1,000% in the near future. Because of moon rockets, mars rockets, and an immense flock of satellites overhead to reduce the sun’s glare and stop polar ice caps from melting.

Back to “low value human capital”. A nasty term, but so are things like outsourcing, offshoring, and H1B job visas to import lower cost workers from places like India and Pakistan. Anyone who has managed a software project staffed with H1B coders understands all software inevitably breaks, is susceptible to hacking, and has indecipherable documentation. By then those foreign coders could be back in Karachi or Katchandeetacat.

No matter which diploma or degree, we are all low value human capital if there’s a cheaper option. Presumably cutting costs means prices for stuff we buy goes down, and sales volume goes up?

But if this was actually true, why do we have 100% price inflation since the year 2000? Why are living standards going down for most of us? Why are we on a hamster wheel with $39 trillion in national debt, and unaffordable housing?

I’m just sayin’ . . .



StanChart to cut over 7,000 jobs, boost AI to replace 'lower-value human capital' | Reuters

 

[Days]

"except those days be cut short, no humans would be saved"

maybe that meant, no humans would save their jobs?

In the New Testament, being "saved" is a quality of life, it doesn't refer to not dying, it refers to growing into a better life; we are saved from something. In this case, we are saved from AI eliminating our human value and our jobs. Which, I'm told, is happening over the next five years, so Jesus better return soon, eh?

 

[as seen on tv]

"except those days be cut short, no humans would be saved"

maybe that meant, no humans would save their jobs?

In the New Testament, being "saved" is a quality of life, it doesn't refer to not dying, it refers to growing into a better life; we are saved from something. In this case, we are saved from AI eliminating our human value and our jobs. Which, I'm told, is happening over the next five years, so Jesus better return soon, eh?

inspiring religious theory/interpretation.

hope no unbelievers get culled (replaced by AI) by the vengeful gods

 

[Boltlady]

View attachment 87437

The CEO of a major bank could not have put it any more succinctly. This bank’s value jumped 65% over the past year, and to keep the party going 7,000 bank jobs will disappear. Because those workers are “lower value human capital”, to be replaced immediately by AI. You guys know who you are - don't whistle past the graveyard. (See link below).

This is a pro-AI speech made for investors and stockholders, no?

But bank CEO Bill Winters isn’t saying anything new, or even particular extreme. As tech companies release updated versions of their AI products several times a year, THOSE companies are gleefully name checking all the jobs which will become toast. Bill Winters is not the one deciding who gets fired – our news feeds are full of stuff from Anthropic and OpenAI regarding the beginning of the end of us.

Those tech CEOs are just beginning to understand why this might frighten workers and customers. And spur populist protests. So now these tech moguls are rushing to reassure people: “Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI.”

That’s a direct quote from Elon Musk this week on X. Does promising that this will be HIGH universal Income make his claim more palatable? Does Musk’s

FTR, I really hate asking higher value computers at companies or institutions for information. If your question doesn't fit in one of it's little blocks you are pretty much out of luck for finding the answer.

inability to say where the universal income money comes from make it less believable? Last time we checked on Elon, he was in charge of Trump’s DOGE (department of government efficiency) program. Slashing government spending across the board. Presumably to free up money to be spent SpaceX programs. The coming SpaceX IPO valuation is based on the premise that company profits will increase 1,000% in the near future. Because of moon rockets, mars rockets, and an immense flock of satellites overhead to reduce the sun’s glare and stop polar ice caps from melting.

Back to “low value human capital”. A nasty term, but so are things like outsourcing, offshoring, and H1B job visas to import lower cost workers from places like India and Pakistan. Anyone who has managed a software project staffed with H1B coders understands all software inevitably breaks, is susceptible to hacking, and has indecipherable documentation. By then those foreign coders could be back in Karachi or Katchandeetacat.

No matter which diploma or degree, we are all low value human capital if there’s a cheaper option. Presumably cutting costs means prices for stuff we buy goes down, and sales volume goes up?

But if this was actually true, why do we have 100% price inflation since the year 2000? Why are living standards going down for most of us? Why are we on a hamster wheel with $39 trillion in national debt, and unaffordable housing?

I’m just sayin’ . . .



StanChart to cut over 7,000 jobs, boost AI to replace 'lower-value human capital' | Reuters

 

[Days]

Well, this is exactly - and I mean that to say, this is what Jesus was shown would happen - so he saw us today, looking at this bleak future for humans, and what he said about it was... (try to remember the quote)

"for then shall be great tribulation, and except those days be shortened, no flesh would be saved"
(pretty sure it is in Matthew)

So, Jesus was shown your post here, okay? And he's looking at the overall situation, and he's calling it a time of great tribulation... a time of great trouble, a time of great struggle, a time when everyone is losing their jobs in a civilization ruled by bankers; it must have looked like hell on earth to Jesus. And he says that the time is going to be cut short, IOW, the conditions that make this a time of great trouble, are going to be changed, then this time of trouble will be over.

that's not a religious interpretation, that's just how the text reads. There's nothing there about war and famine, it might be implied, but all Jesus said was that the last days would be a time of great trouble and difficulty... and we are living in them.

 

[bdtex]

Last time we checked on Elon, he was in charge of Trump’s DOGE (department of government efficiency) program. Slashing government spending across the board.

Slashing the low value human capital workforce too.