re: AI is taking all our jobs!!! Oh wait...payroll beats estimates at 303K

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I'd start worrying when the self-checkout works as fast as a cashier.

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It does? At least for me.

I can get through the Walmart checkout line way faster in the self-checkout than with a cashier. That's even when I have a full cart full of groceries.

Our biggest question that we refuse to answer (and haven't in a long time) is what to do with people who refuse to contribute meaningfully to society. Cashiers COULD offer value by being a positive element of society as a conversationalist, a known member of the community, or a general joy to be around. It could be seen as a service job sort of how good waiters/waitresses can elevate the quality of a meal experience at a restaurant. Acting disgruntled and bored AND being slower than a machine means you're no longer useful for what society wants or needs.

I know that might sound weird, but give it some thought before jumping at an opinion. What's really the purpose of life? To increase efficiency and precision for the sake of capital gain? Or to cultivate a joyful society with responsibility and connection?

The self-checkout line is just an example. I would love to live a life where I found meaning in my encounters with cashiers. Where I wasn't rushing to get home because I'm exhausted from work and overwhelmed by life. I would love for even small time community jobs provided value and meaning for the workers working them whether that meant in income or in positive connections with the world.

Pie in the sky, I get it. But we do seem to be headed to a devastating future where most people have little ability to contribute to society and we end up supporting their existence with welfare and some form of universal basic income.

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Looking forward to the “revised” numbers that are 100k less

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People like to say this, but historically job numbers are revised up just as much as they're revised down.

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payroll beats estimates at 303K

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I’ll wait for those numbers to be adjusted down in a couple months like every other time.

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People like to say this, but historically job numbers are revised up just as much as they're revised down.

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Jobs numbers are fools gold. The government is printing money to boost the economy, its all artificially induced.

It easy to boost the economy on record debt. 30 years ago it was believed anything under 5% unemployment would trigger inflation.

Now politicians dont care, because they need votes.

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Your thread making is shite.

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AI creates my threads

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GrizzlyAlloy

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Are you new here???

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People like to say this, but historically job numbers are revised up just as much as they're revised down.

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conveniently glossed over this:

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Labor Department Cuts 167,000 Jobs From December and January Payrolls

Last Updated:

March 8, 2024 at 8:30 PM EST

By Megan Leonhardt

The Labor Department made significant reductions to the previously reported outsize payroll gains in December and January.

The department cut 124,000 payroll gains from the 353,000 jobs initially reported for January. The revised total was just 229,000 .

It also cut 43,000 from total nonfarm payroll employment for December, revising down the total gain to 290,000, from 333,000

With the revisions, the combined gain in nonfarm employment for December and January is 167,000 lower than previously reported.

The revisions shift the overall picture on labor trends, making December and January fall more in line with the recent trends of a solid, but normalizing employment situation.

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also in 2023:

America added 306k fewer jobs than reported

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US job growth during much of the past year was weaker than previously projected by a little more than 300,000 jobs, according to new federal data released Wednesday.

As part of the agency’s annual benchmark review of payroll data, the Bureau of Labor Statistics revised down March 2023’s employment gains by 306,000 positions.

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TejasHorn

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