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by taude
9 days ago
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I'm with you on this. I think the market bubble can stay alive and well a lot longer than you can survive an open short position. I think we're still a ways away from CEOs admitting that AI actually can't cut the cost of human capital in half. |
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On the contrary, I think it certainly can. In the sense that productivity per person can be doubled. You could fire half your workforce and do nearly the same output.
Trouble is, everyone who does that will get outcompeted by everyone who didn't fore their workforce, and instead doubled their output.
We've seen it before with factories and computerization.