1/32
@awealthofcs
Got an email from an entry-level investment analyst who had their job replaced by AI
I'm still bullish on the dynamism of the US economy but this transition phase is going to be painful for certain roles and industries
The Human Toll of Artificial Intelligence - A Wealth of Common Sense
2/32
@TeksEdge
Stay positive and keep pushing to find the next gig. Society will adapt and absorb AI. You could consider yourself lucky in that you'll be more prepared than others when it happens to them. AI is an excuse. Earlier generations had "outsourced" or "automated" reasons
3/32
@QuietWyattEarp
Thanks for sharing this Ben.
I don’t see how the entire “business consulting” field survives this.
4/32
@StuLoren
This is pretty pathetic of the firm that fired the kid. They hired him 6 months ago. Did they not realize AI would be capable of handling all these tasks (and increasingly more) at the start of the year? Agree though that bar for bringing on junior employees is getting higher.
5/32
@Crummer_44
This is a fact. It's akin to the Industrial Revolution...
6/32
@CadeBergmann
Big shift coming
7/32
@The_Street_Man
AI can do the work of any 1-3 YOE analyst. How do we make analysts enter the workforce with 4+ YOE? Let's just cut the talent pipeline now.
8/32
@007ofWallSt
The market's pulse is shifting, and while optimism is a tempting narrative, the reality is that disruption often breeds pain before progress. The rise of AI is a double-edged sword—efficiency gains for some, job losses for others. Stay vigilant.
9/32
@frankregina
If they were smart they keep this young man and let him learn everything about ai and how to make his position better. His managers don’t know anything about ai.
10/32
@TiltFolio
Yes, AI is going to be devastating for entry-level roles.
As an example, the website behind this account was built with the help of AI.
Previously, it would have cost >$10,000 and taken months. Instead, it cost <$100 and took a few weeks.
11/32
@_everythingism
I'm sorry the guy lost his job but one anecdote doesn't prove something is happening on a large scale.
So far there is really no data to support the idea that AI is automating away a large number of jobs.
12/32
@Capdrift
Yeah, this doesn’t surprise me at all. I use AI a lot for processing lots of information, those research reports of 200+ pages which I don’t always have time to read. Upload to NotebooLM and create a detailed summary
13/32
@69nich
They realized that a junior employee who uses AI all day can be replaced with AI.
14/32
@TheRealCreeb
Can AI really do this work, at this time? Chat-GPT has difficulty choosing the correct spark plugs for my car.
15/32
@okradingle
“What is it you’d say it is you do around here?”
16/32
@Faktastic11
AI can also do the manager's job better most likely...
17/32
@dclavijoc
It seems the youth unemployment rate is already reflecting this.
18/32
@TheNeerajAgarwa
If you are not customer facing than your job is….
19/32
@Listen2BHeard
One of the greatest inventions in human history and we fear it rather than embrace it — all because we don’t have any plan whatsoever to respond to the displacement it will cause. It’s supposed to be a good thing but will cause untold pain without a coherent strategy.
20/32
@elligottmc
This may lead to some kind of tax credit coming for hiring humans anyway. Or something. No one wants to live in some weird dystopia we’re only the olds can work.
21/32
@BobLovelaww
Change "certain" for "a dangerously large number of"
22/32
@landatthebottom
Similar job, I avoided a cull as I was the only one who could fix the photocopier. I then learned how to use the telex (yeah). You have to work not to be the most replaceable in the room. Has always been so.
23/32
@JoeCoolTrader
If companies don't train and give new worker experience to become an experienced employee, they're going to realize that AI can only get them so far. Essentially, they will become like "McDonalds", full of low level AI "employees."
24/32
@TraceyRyniec
I imagine in a year or two they will find out that AI isn't working out like they hoped.
25/32
@Michaellarsson5
It's crazy how fast things are changing, huh? Hope they bounce back somehow.
26/32
@AI_DailyTips
A tough reality. We need proactive solutions focusing on reskilling & new skill development to help people adapt to the changing job market. Innovation must include support for those displaced.
27/32
@m_klingensmith
Imagine an apprentice learning a hard skill were lectured for taking longer to complete a task than a seasoned tradesman. The short term gains from reducing headcount will be lost when there are less experienced personnel with a foundational understanding of the business.
28/32
@Mgeuia
The investment analysts at my job are using AI heavily. A lot of ML.
29/32
@SoCalKid24
I think most look at this the wrong way. I'd look to hire creative, smart, driven people. AI democratizes knowledge. Experience will matter but you don't need to spend 3 years learning what AI can do. Show good ideas, embrace the new tools, and use them to be ultra productive.
30/32
@JJhkYank
Going to be brutal entry level finance and legal jobs.
But where will future mid and higher level employees come from? (AI not replacing them)
31/32
@xj1e7gt70583274
/next_gen66

The best analysts worth watching

32/32
@eradke
Brother, you did the US vs EU for awhile.
To post tweets in this format, more info here: https://www.thecoli.com/threads/tips-and-tricks-for-posting-the-coli-megathread.984734/post-52211196