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440 points pseudolus | 1 comments | | HN request time: 0.198s | source
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kerblang ◴[] No.45057750[source]
High interest rates + tariff terror -> less investment -> less jobs

But let's blame AI

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ToValueFunfetti ◴[] No.45058100[source]
You really do have to account for why this is mainly happening in industries that are adopting AI, why it's almost exclusively impacting entry-level positions (with senior positions steady or growing), and why controlling for broad economic conditions failed to correct this. I doubt very much that these three Stanford professors would be blindsided by the concept of rates and tarriffs.
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johnnienaked ◴[] No.45058528[source]
The jobs are going to India
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narcotraffico1 ◴[] No.45058623[source]
American workers are truly under attack from all sides. H1B. Outsourcing. What's left? The blue collar manufacturing is mostly gone. White collar work well on its way out. Why is our own government (by the people for the people) actively assisting in destroying American's ability to get jobs (H1B)? Especially in these conditions. I'm no racist or idiot but it's unacceptable. I didn't expect the gov to actively be conspiring with big corps to make my economic position weaker. Unbelievable breach of trust. We need to demand change from our government.
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1. darth_avocado ◴[] No.45058967[source]
It’s an unpopular opinion in the current environment but it’s the program that allows international talent to connect with local capital that creates all the jobs in tech.

Nearly half the unicorns in the country were found by foreigners living in the country. https://gfmag.com/capital-raising-corporate-finance/us-unico...

The biggest problem right now is that there is no distinction between companies replacing Americans labor with cheap labor and entrepreneurial talent that creates jobs. Everyone is on the same visa.