1. Over hiring 4-6 years ago by nearly every large and small corporation in America
2. The Federal Reserve flooding the economy with newly minted dollars that previously did not exist
Thinking at AI will replace jobs is one of the dumbest sales pitches ever and those whole keep falling for the nonsense lack an understanding of history.
Once we inventing textile machines we weren't like "Well looks like we're going to fix the production rate at my grandma's can treadle!". No, instead the standard for productivity slid and a new equilibrium was established. Workers simply became more efficient while output was increased.
Whats useful about articles like this though is you can add this company to your blocklist of "not actually doing anything useful, but capitalizing on hype anyway".
1. Over hiring 4-6 years ago by nearly every large and small corporation in America
2. The Federal Reserve flooding the economy with newly minted dollars that previously did not exist
Thinking at AI will replace jobs is one of the dumbest sales pitches ever and those whole keep falling for the nonsense lack an understanding of history.
Once we inventing textile machines we weren't like "Well looks like we're going to fix the production rate at my grandma's can treadle!". No, instead the standard for productivity slid and a new equilibrium was established. Workers simply became more efficient while output was increased.
Whats useful about articles like this though is you can add this company to your blocklist of "not actually doing anything useful, but capitalizing on hype anyway".