Friday, October 31, 2025

Jerome Powell Says the AI Hiring Apocalypse Is Real

Federal Reserve Chair Jerome Powell drew a stark picture of a labor market that looks fine on the surface -- 4.3% unemployment, solid consumer spending -- but is quietly losing momentum underneath.

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BEHIND THE CURTAIN: The convergence of socialist candidates' popularity and the detrimental effects of AI could become a perfect storm for Democrats in years to come.

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-- Axios (@axios.com) Oct 31, 2025 at 7:33 AM

Comments

If the AI I interact with on a regular basis is any indication, customer service will drop like a stone and customer frustration/anger will rise quite significantly.

AI is nowhere near what they've promised, even on basic tasks. For instance, the auto-corrects or auto-insertions when I'm writing documents are usually nonsensical and I spend more time fixing them than I save by having the s*&^ty AI I didn't want in the first place "help" me.

Getting to a person on a phone for a problem is nearly impossible these days with garbage AI menus that constantly try to get you to go to their website (which has already been done, of course, and isn't helpful) or give you information that isn't at all helpful is also something I find quite common.

Wasn't there a stat that something like 40% of companies that have implemented AI have been looking into getting rid of it because it's been more of a hassle than a help?

#1 | Posted by jpw at 2025-10-31 03:20 PM

I tried checking into a capsule hotel last night with an automated system. It couldn't accept my ID card, so after 10 minutes on the phone with a human (and an AI voice that kept talking over the human throughout the interaction which was fcnking annoying as well), we got the dumb machine to spit out my key card and I could go sleep in my tube

#2 | Posted by hamburglar at 2025-11-01 07:32 AM

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