Silicon Valley's dirty secret: Trump has white collar workers running scared

19 July

Donald Trump reacts during a rally in Greensboro, North Carolina, U.S. October 22, 2024. REUTERS/Carlos Barria

President Donald Trump has worked to accelerate America’s development of AI rather than regulate it, and the result is not just an epidemic of deepfakes and hallucinations being passed off as legitimate research. A new report reveals that some of the nation’s best-educated workers, who once were secure, are taking it on the chin.

“About one third of the total personal wealth in the United States is held by the top 1 percent of households, while the bottom half of Americans holds less than 3 percent, according to Federal Reserve data,” wrote The Washington Post's Elizabeth Dwoskin and Shira Ovide wrote on Sunday. This data includes former economic winners who are now finding themselves on the wrong side of layoffs and hiring freezes — tech workers.

“The sense of precariousness among America’s professional elite could be a preview of what’s ahead for the rest of the country as AI spreads,” the Post wrote. “Silicon Valley techies are ‘are guinea pigs for what tech dudes want to do to everyone,’ said Anil Dash, a technology entrepreneur.”

They added, “At tech companies, leaders obsessed with winning the AI race have tasked their workforces of coders, lawyers and HR professionals with becoming the front line of that transformation. They’re being measured by how quickly they can automate their own jobs while watching their colleagues get pushed out in successive waves of layoffs.”

The report continued, “Layoffs.fyi, which tracks announced job cuts, counts more than 800,000 tech workers laid off since 2022, including large staff reductions in recent months at Meta, Microsoft, Oracle and Amazon.” According to the Silicon Valley market research consultancy founder Oliver Raskin, whose company is called Signalcraft Insights, “there’s this whole tranche of people who’ve been quite used to being among the most upwardly mobile in society who are all of a sudden saying, ‘Now I’m the guy on the street.’”

In the mid-to-late 20th century, autoworkers were the group most likely to fall into the category of “entered a specialized field on the premise that it was well paying and stable, only to have the rug pulled out from under them.” Now that dubious distinction belongs to tech workers such as coders and engineers, whose positions are being outsourced to AI because the technology’s speed and without regard to notable dips in quality.

“There’s just a lot of uncertainty, a lot of fear, a lot of people feeling like, if they get let go from this job, they might not find another one,” Anneke Buffone, a psychology PhD who Meta hired to help employees’ well-being and safety but ultimately left in December, told the Post.

“She described getting pushback from managers when she tried to explain that a particular AI tool was a waste of time,” the Post reported. “The system had so many errors that she needed to redo its work.”

It continued, “But her bosses ‘were like, ‘No, keep using it more. It’ll just get better,’’ she said. ‘There’s a feeling among management that when you voice that AI has all these problems, they don’t want to hear it.” AI, she said, makes “everything go so much faster. It creates this illusion that you can get all this stuff done. Much of the time you’re just babysitting the AIs.’”

From Your Site Articles