Training us up to replace ourselves. It’s happening everywhere. Plan accordingly.
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Yeah right.. your Baylor and Cal State East Bay Grads who are running the sh!t show will implement AI at Schwab.. Brilliant American Intelligence LOL. AI my A$$. LOL
Recommendation: Consider assigning all O2 (mostly contractor side) team members to the GCC region. Their skills and expertise appear to be well-suited for the requirements of this market. The team members demonstrate strong capabilities in ACTUAL INDIAN (AI) technologies.
@ve JN. 15 years ago.
@p4 You need to learn that things work a little bit differently in the US.
@p4 who do you think is buying this nonsense anymore? Even your corporate yesmen are only repeating drivel like this to avoid being canned. This industry is nepotistic to its core and, more to the point, proudly so. That’s why brownnosing worms are so common they are the stereotype of the business. So the only thing I can do is offer you an apple Wiggly, sorry.
@p4 You likely really believe that ca ca. Our former CEO nearly destroyed the company and recovered. An STS SVP had an affair with a vendor and funneled money to their company in violation of policies and went on to lead at another fintech. Over and over.
Walt had contacts and family cache. Same for Ricky. Most of the board. Most executives. Very few make it without a network. Gates? Mom was on a corporate board and dad was political and in law.
None of them are worth it. Our board meets a few times a year and each makes more than an MD.
@hp "endless greed of overpaid execs". I love how you Managers and Senior Managers think you're so much more capable and worth more than the people at the top. If that's the case thwn why aren't you one of them? Prolly cuz you don't have what it takes and you wouldn't be able to handle it if you by chance got to that level. They get paid a lot because they have to deal with a lot. If you make a mistake and get fired, you just get another job. If they make a mistake at their level, their career is done. Just stop it already. It's not greed, it's value.
@es “True but you’re competing against it.” No I’m not. I’m competing against the endless greed of overpaid execs, which I will always lose to. That’s why being underpaid and overworked is a complaint shared countrywide. First it was China, then it was India, now it’s AI. The name changes, but the game is always the same. If you think the business model we operate under in this country is sane you are just another clown in the circus, and sorry to say but you’re no more insulated than the rest of us Pagliacci.
@es
I know this is bait but there are actually people who think working longer is a badge of honor.
@e3 "AI doesn’t complain about anything because it’s not alive." True but you are still competing against it. And you probably wouldn't be if you had only shut up and done your job instead of complaining about having to go into the office and having to leave at 4 to go to your kid's soccer game. I work 14-16 hours a day, 5 days in the office and Saturday and Sunday at home. I forfeited my sabbatical and last took a vacation day in 2019. My kids probably don't even remember what I look like. But I'm just one person so my sacrifice nets out to zero because the rest of you people weren't willing to do your part. Well guess what? AI is willing to work 24/7 so now we're all about to be unemployed and it's your fault!
@dt AI doesn’t complain about anything because it’s not alive. People are. They are not just drones but individuals with lives. If you think you’re going to be living in peaceful retirement when 2/3rds of working-age adults are laid off due to AI, let me disabuse you of that notion. People with no job, no car, no partner, no home, and no hope of a future have nothing holding them back. But like everyone else kicking the can down the road you think nothing will ever happen, right?
Food for thought.
"AI doesn't care about RTO and work-life balance." Quite hilarious. AI is the one of the most overhyped industries at the moment. OpenAI is losing more money than it's making, it won't be able to pay for stargate, and companies are realizing that they are paying more for tokenization with not much profit being made from AI. Tech companies are on the verge of spending 1 trillion in 2027, meanwhile China is only spending 200 billion, and if you look at graphs and charts, their AI is maybe a couple milliseconds slower than ours. Oh, and they charge much less for tokens. Companies like Schwab and others will realize they are giving away valuable IP to the AI companies for free, while overpaying for tokenization. Glad you're gone in November, you're too much of a bootlicker to think outside the box.
Well AI doesn't complain about RTO and doesn't demand work-life balance. You all did this to yourselves. You created the problem so the company found a solution in AI. I'm retiring in November so it doesn't impact me. I'll be laughing my way out the door as I think about the beautifully just fate that will come to the rest of you.
@ay thank you AI for saying the things the other people said, but better, and with bullet format!
Much Bigger Issue(s) in the near future -
U.S. National Debt - $39.4 Trillion (and rising), $1.04 Trillion in Interest (paid by U.S. Taxpayers) per year to outside Investors that finance it; Debt-to-GDP Ratio (122.10%) per usdebtclock.
☆ Starting in 2027, these (2) things will have a (Very Negative) impact on the U.S. economic-financial system.
One CEO interviewed, projected that the Unemployment rate would rise towards the 20.0%-30.0% level in 3-5 years; it doesn't seem unreasonable due to AI.
Last Baby Boomer, 1946-1964 turns 62 this year; owning the vast Majority of wealth in the U.S. housing, and U.S. stock markets; cashing out-selling (over time) to fund their retirements.
(Nothing) is going to replace the outflows from the U.S. stock market, it certainly; won't be the younger generations.
It really won’t.
AI is more expensive than human labor. Look at how China throws bodies at problems over mechanization.
Every technology from the cotton gin to the word processor has included labor sky falling predictions. We employ more today per capita and total than at almost any time prior. New jobs filled in.
AI is expensive, silly and hyped. And lots of jobs are already make-work anyway. A 40 hour workweek is about 12 hours of production white collar. An assembly line never works at 100%. And do we really benefit from meetings with no point and hundreds of labor hours represented? How many meetings can have an ice breaker or a status report or 90% playing on their phones?
Companies will employ people if only to provide them with money to buy their products and to keep the masses from revolting.
Much Bigger Issue(s) in the near future -
U.S. National Debt - $39.4 Trillion (and rising), $1.04 Trillion in Interest (paid by U.S. Taxpayers) to outside Investors that finance it; Debt-to-GDP Ratio; 122.10% per usdebtclock.
One CEO interviewed, projected that the Unemployment rate would rise towards the 20.0%-30.0% level in 3-5 years; it doesn't seem unreasonable.
Last Baby Boomer, 1946-1964 turns 62 this year; owning the vast Majority of wealth in the U.S. housing, and stock markets; cashing out (over time) to fund their retirement.