#4388682 - 11/07/17 06:56 PM
An Interesting Trend Found in 5 of the Biggest Tech Companies in the U.S.
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Joined: Oct 1999
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Haggart
I Fought Diablo
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I Fought Diablo
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The Lone Star State
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Apple Microsoft Google Facebook Amazon Forward 10 years to the present and you find a common theme among all five of them - "While the market cap of the top five has grown by 30% since then, the number of employees has been cut nearly in half. “Getting bigger by market cap — and by revenues — with less people is the new normal,” Brown said. “It’s not going back the other way. The only escape for our children is to join the education arms race and hope they choose the right major — or to embrace entrepreneurialism and create their own jobs.”The age of automation is not slowing down but only accelerating especially with AI on the horizon.
"everything lives by a law, a central balance sustains all"
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#4388683 - 11/07/17 07:04 PM
Re: An Interesting Trend Found in 5 of the Biggest Tech Companies in the U.S.
[Re: Haggart]
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Joined: Apr 2001
Posts: 121,503
PanzerMeyer
Pro-Consul of Florida
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Pro-Consul of Florida
King Crimson - SimHQ's Top Poster
Joined: Apr 2001
Posts: 121,503
Miami, FL USA
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This is really common knowledge for anyone who follows financial/business news at least on a weekly basis.
The simplest way I can put it is that the demand for labor in many industries is decreasing due to increases in workflow efficiency and automation and also more and more business going online.
At the same time, we have an ever increasing population. If you look at it in purely economic terms, we have a surplus of people. More and more people competing for fewer and fewer jobs.
And sure, you can always try the entrepreneurial/self-employed route but let's be honest, how many people have the necessary drive, vision and brains to be a successful entrepreneur? It's a very small percentage of the overall population.
Last edited by PanzerMeyer; 11/07/17 07:05 PM.
“Whoever fights monsters should see to it that in the process he does not become a monster. And if you gaze long enough into an abyss, the abyss will gaze back into you.”
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#4388692 - 11/07/17 07:45 PM
Re: An Interesting Trend Found in 5 of the Biggest Tech Companies in the U.S.
[Re: Haggart]
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Joined: Mar 2012
Posts: 5,420
LB4LB
Still lurking about
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Still lurking about
Hotshot
Joined: Mar 2012
Posts: 5,420
Detroit Burbs
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One day there will be television shows called:
"Dancing with the Robot Stars" , "American Robot Idle", and "So You Think You Can Compress Data". Of course, they will only be watched by other robots.
All hail our robot over lords.
Last edited by LB4LB; 11/07/17 08:02 PM.
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#4388702 - 11/07/17 08:17 PM
Re: An Interesting Trend Found in 5 of the Biggest Tech Companies in the U.S.
[Re: Haggart]
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Joined: Aug 2010
Posts: 1,614
theOden
Member
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Member
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what's the world coming to War. Global unrest and uprising. They many with nothing will make the huge piles of money among the rich worthless.
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#4388705 - 11/07/17 08:30 PM
Re: An Interesting Trend Found in 5 of the Biggest Tech Companies in the U.S.
[Re: Haggart]
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Joined: Mar 2012
Posts: 5,420
LB4LB
Still lurking about
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Still lurking about
Hotshot
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Posts: 5,420
Detroit Burbs
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She looks confused. Does she know her prime directive ?
Can she text and drive at the same time ?
Last edited by LB4LB; 11/07/17 08:31 PM.
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#4388733 - 11/07/17 11:21 PM
Re: An Interesting Trend Found in 5 of the Biggest Tech Companies in the U.S.
[Re: Haggart]
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Joined: Nov 2005
Posts: 2,169
MigBuster
Member
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Member
Joined: Nov 2005
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UK
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If you know anyone working for Amazon they seem to be treated as literally nothing more than drones anyway.
'Crashing and Burning since 1987'
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#4388801 - 11/08/17 03:13 PM
Re: An Interesting Trend Found in 5 of the Biggest Tech Companies in the U.S.
[Re: Mr_Blastman]
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Joined: Dec 2003
Posts: 12,488
MarkG
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The Bayou
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The day is coming somewhere in the near future where arrogant, egotistical software developers are replaced by self-writing code. Who's going to write the code that writes the code that writes itself? Your scenario is probably not going to happen anytime soon... https://mortoray.com/2017/03/22/programming-wont-be-automated-or-it-already-has-been/As someone summarized... • Programming involves a lot of skills beyond raw coding, including many soft skills and people skills. • Programmers already try to automate as much as possible and it there always seems to be more to do nonetheless. • The type of AI we have now is very limited. The type that could program would be at a human level sentience, at which point there are bigger concerns than just my programming job. ++++++++++ Personal thoughts... Self-modifying code is kinda neat and maybe useful in a specific controlled environment but programming requires too much abstraction, ugly hacks and thinking outside of the box. OOP especially (supposedly the solution for spaghetti code) can get really hairy if you don't carefully plan ahead your object trees. Too many constant advancements, all with imperfections, in the mix as well. No compiler is perfect, coding often requires unconventional workarounds and streamlining, and even clever programmers don't always understand exactly how their code works, just that it does, usually after multiple attempts to solve a problem (in Masters of DOOM, John Carmack mentions hacks he used in the original DOOM to fix wall polygon clipping, also that he's constantly finding new innovations). Soo...I don't think programmers are losing sleep over robots taking their jobs.
The rusty wire that holds the cork that keeps the anger in Gives way and suddenly it’s day again The sun is in the east Even though the day is done Two suns in the sunset, hmph Could be the human race is run
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#4388803 - 11/08/17 03:30 PM
Re: An Interesting Trend Found in 5 of the Biggest Tech Companies in the U.S.
[Re: PanzerMeyer]
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Joined: Dec 2003
Posts: 12,488
MarkG
Veteran
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The Bayou
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She looks confused. Does she know her prime directive ?
Can she text and drive at the same time ? Never mind those things. I just want to know how good its suction mechanism is. Eh...looks like she has teeth. The fine line between teasing pleasure and pain, can we trust a machine?! Then once the machines become self-aware and turn on us...ouch.
The rusty wire that holds the cork that keeps the anger in Gives way and suddenly it’s day again The sun is in the east Even though the day is done Two suns in the sunset, hmph Could be the human race is run
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#4388815 - 11/08/17 04:43 PM
Re: An Interesting Trend Found in 5 of the Biggest Tech Companies in the U.S.
[Re: PanzerMeyer]
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Joined: Apr 2008
Posts: 19,581
Raw Kryptonite
Beat the Kobayashi Maru
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Beat the Kobayashi Maru
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MS
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And sure, you can always try the entrepreneurial/self-employed route but let's be honest, how many people have the necessary drive, vision and brains to be a successful entrepreneur? It's a very small percentage of the overall population. Not only can most not handle being a small business owner, but they often fail even if you CAN handle it. That and they create jobs devoid of benefits for the employees and without competitive wages. Small business isn't really the answer many out there seem to think it is. Corporations are beholden to shareholders, not employees. So when profits go up, they don't filter the success down to the employees, they use it for growth and perhaps automation. We can't win. LOL In Star Wars terms, the Empire doesn't give raises and will work you to death building their Death Stars. The Rebels don't pay for sh1t to begin with and have no insurance for your robot arm.
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