Jason Calacanis

In fact, you've just proven my point.

And what exactly are the efficiencies that Jack is getting?

I mean, this is the most hand wavy thing ever that, oh, we're just magically going to be able to eliminate half our cost structure right now.

Zuck did not say this was due to AI.

He just did it.

That's your reading of it.

But like I said, even if you attribute those specific job losses to AI, which is questionable, you're not netting it against all the job creation that's happening and also the new company creation.

Furthermore, let me just give you some actual statistics.

Thank you.

Okay.

We currently have a 4.3% unemployment rate in the economy.

Economists consider 5% to be full employment.

So basically, unemployment is at or near record lows right now, despite the fact that we're over three years into this AI wave.

Second, and again, this is the point I wanted to make earlier with respect to coding.

Coding is the single job category most impacted by AI right now.

We are at the point where AI is writing most of the code.

We have almost complete automation of code writing.

You would think that if you could look at this in a simple Malthusian way, all the software developers would be getting laid off right now.

Is that happening?

No.