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Learn to use AI to your benefit or you’ll have a 100% pay cut.
It's true. AI is still in the hype phase and many companies use it conveniently to justify cutting their bloated headcount or employees' salary. We can only take care of ourselves by learning how to use it to make our work more effective and efficient. Even if you current company doesn't value you, others will.
Yes. I took an 18% pay cut after I was laid off. I have fully embraced using AI in my work (despite all the moral issues I have with it) to keep me employed, but I'm confident there is going to be a point in the near future where that won't be good enough.
Yes. Our 3-person team went down to one person, with them relying on AI to cover the work we used to do. Very poorly, but I guess two salaries less to pay made the engagement and quality decline worth it.
Right now, it seems like pay cuts are the norm for many reasons, one of which is AI. We will have to figure out what jobs pay more and learn the skills for those. The landscape is shifting, but we also need to remember it is an employer's market.