Skip to main content

America's IT Unemployment Rises To 5.7%. Is AI Hitting Tech Jobs?

3 months 1 week ago
The unemployment rate in America's information technology sector "rose from 3.9% in December to 5.7% in January," reports the Wall Street Journal. (Alternate URL here.) Meanwhile last month's overall jobless rate was just 4%, they point out, calling it "the latest sign of how automation and the increasing use of artificial intelligence are having a negative impact on the tech labor market." Companies began implementing their annual spending cuts in January, and there were layoffs at large tech companies like Meta. But whatever the reason, "The number of unemployed IT workers rose from 98,000 in December to 152,000 last month, according to a report from consulting firm Janco Associates based on data from the U.S. Department of Labor," while the Labor Department said the overall economy added 143,000 jobs. One management consulting firm offers this explanation: Job losses in tech can be attributed in part to the influence of AI, according to Victor Janulaitis, chief executive of Janco Associates. The emergence of generative AI has produced massive amounts of spending by tech giants on AI infrastructure, but not necessarily new jobs in IT. "Jobs are being eliminated within the IT function which are routine and mundane, such as reporting, clerical administration," Janulaitis said. "As they start looking at AI, they're also looking at reducing the number of programmers, systems designers, hoping that AI is going to be able to provide them some value and have a good rate of return." Increased corporate investment in AI has shown early signs of leading to future cuts in hiring, a concept some tech leaders are starting to call "cost avoidance." Rather than hiring new workers for tasks that can be more easily automated, some businesses are letting AI take on that work — and reaping potential savings. The latest IT jobs numbers come as unemployment among white-collar workers remains at its highest levels since 2020, according to Cory Stahle, an economist at hiring website Indeed. "What we've really seen, especially in the last year or so, is a bifurcation in opportunities, where white-collar knowledge worker type jobs have had far less employer demand than jobs that are more in-person, skilled labor jobs," Stahle said. Stahle notes that job postings at Indeed.com for software developers declined 8.5% in January from a year earlier...

Read more of this story at Slashdot.

EditorDavid

Retrocomputing Enthusiast Explores 28-Year-Old Powerbook G3: 'Apple's Hope For Redemption'

3 months 1 week ago
Long-time Slashdot reader Shayde once restored a 1986 DEC PDP-11 minicomputer, and even ran Turbo Pascal on a 40-year-old Apple II clone. Now he's exploring a 27-year-old Macintosh PowerBook G3 — with 64 megabytes memory and 4 gigabytes of disk space. "The year is 1997, and Apple is in big trouble." (Apple's market share had dropped from 16% in 1980 to somewhere below 4%...) Turns out this was one of the first machines able to run OS X, and was built during the transition period for Apple after Steve Jobs came back in to rescue the company from bankruptcy. It's clearly old technology. There's even a SCSI connector, PCMCIA sockets, a modem port for your phone/landline cable, and a CD-ROM drive. There's also Apple's proprietary ports for LocalTalk and an Apple Desktop Bus port ("used for keyboards, mice, and stuff like that"). And its lithium-ion batteries "were meant to be replaced and moved around, so you could carry spare batteries with you." So what's it like using a 27-year-old laptop? "The first thing I had to note was this thing weighs a ton! This thing could be used as a projectile weapon! I can't imagine hauling these things around doing business..." And it's a good thing it had vents, because "This thing runs hot!" (The moment he plugs it in he can hear its ancient fan running...) It seems to take more than two minutes to boot up. ("The drive is rattling away...") But soon he's looking at a glorious desktop from 1998 desktop. ("Applications installed... Oh look! Adobe Acrobat Reader! I betcha that's going to need an update...") After plugging in a network cable, a pop-up prompts him to "Set up your .Mac membership." ("I have so little interest in doing this.") He does find an old version of Safari, but it refuses to launch-- though "While puttering around in the application folder, I did notice that we had Internet Explorer installed. But that pretty much went as well as expected." In the end it seems like he ends up "on the network, but we have no browser." Although at least he does find a Terminal program — and successfully pings Google. The thing that would drive me crazy is when opening the laptop, Apple's logo is upside-down!

Read more of this story at Slashdot.

EditorDavid