If AI Is Taking Jobs, Why Are Some Developers Earning Millions?
Over the past years, AI has transformed the tech job market. While hundreds of thousands of employees face layoffs, especially in support and mid-level roles, a small elite of AI engineers receives multi-million-dollar packages.
Companies like Meta invest billions annually in AI infrastructure, hiring top talent to optimize large language models and other systems. This creates stark inequalities within firms, as automation reduces the need for ordinary developers while boosting productivity.
Experts warn that AI could replicate economic polarization, concentrating benefits among shareholders and top engineers, while most workers face wage stagnation and job insecurity.
CHAPTERS:
0:12 Job Losses
1:45 Tech Workers
2:05 AI Engineers
3:22 Software Engineer
3:48 Tech Job Market
4:15 Mid-Level Roles
4:50 Job Precarity
5:10 Hiring Freezes
6:02 Job Polarization
7:30 High-Paying Tech Jobs
Credit to : Economy Media