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by tristanj
2 hours ago
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This article has a glaring category error. It attributes the past several decades of losses in the college wage premium to AI; yet AI has only existed in its current useful form for less than half a decade. The decline in college wages is largely attributable to outsourcing and the rise of global expertise. Skilled labor can be performed at an equivalent level for lower cost abroad. The issue is outsourcing. And AI is the latest iteration of this. |
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This is not a funny dynamic, and the only real winners in this have been the investors. I would hardly call Microsoft an American company anymore.