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by ljlolel 246 days ago
CEOs (even most VCs) are labor too
4 comments

Labor competes for compensation, CEOs compete for status (above a certain enterprise size, admittedly). Show me a CEO willingly stepping down to be replaced by generative AI. Jamie Dimon will be so bold to say AI will bring about a 3 day week (because it grabs headlines [1]) but he isn't going to give up the status of running JPMC; it's all he has besides the wealth, which does not appear to be enough. The feeling of importance and exceptionalism is baked into the identity.

[1] https://fortune.com/article/jamie-dimon-jpmorgan-chase-ceo-a...

Spoiler there’s no reason we couldn’t work three days a week now. And 100 might be pushing it, but having life expectancy to 90 as well within our grass today as well. We have just decided not to do that.
The reason we don't have 3 day weeks is because the system rewards revenue, not worker satisfaction.
That's the market's job. Once AI CEOs start outperforming human CEOs, investment will flow to the winners. Give it 5-10 years.

(Has anyone tried an LLM on an in-basket test? [1] That's a basic test for managers.)

[1] https://en.wikipedia.org/wiki/In-basket_test

Not if CEOs use their political power to make it illegal.
Almost everyone is "labor" to some extent. There is always a huge customer or major investor that you are beholden to. If you are independently wealthy then you are the exception.
Bingo
Do they know it?
Until shareholders treat them as such, they will remain in the ruling class