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by mbrumlow
118 days ago
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> They can get rid of 1/3-2/3s of their labor and make the same amount of money, why wouldn't they. Because companies want to make MORE money. Your hypothetical company is now competing with another company who didn’t opposite, and now they get to market faster, fix bugs faster, add feature faster, and responding to changes in the industry faster. Which results in them making more, while your employ less company is just status quo. Also. With regards to oil, the consumption of oil increases as it became cheaper. With AI we now have a chance to do projects that simply would have cost way too much to do 10 years ago. |
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Not necessarily.
You are assuming that the people can consume whatever is put in front of them. Markets get saturated fast. The "changes in the industry" mean nothing.