CEOs say generative AI will result in job cuts in 2024
CEOs say generative AI will result in job cuts in 2024
Media and entertainment, banking, insurance, and logistics lead the way.
And last year they were all saying some variation on "don't worry, AI is not going to cost anyone their jobs."
Key take away for anyone is to never trust what an executive is saying. Much like a politician, if their lips are moving they are probably lying.
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- CEO wastes a ton of money on generative AI
- CEO fires a bunch of people to hit quarterly profit targets
generative AI resulted in job cuts.
Yeah, what's unfortunate about CEO predictions is that they can kind of just will their expected result into being by acting on it whether it's sound or not.
Still, I think it's well past time we started preparing for high surplus labor. We're already in the early stages of post scarcity, and if we don't embrace something like socialism, we're getting more dystopia.
I have absofuckinglutley no faith whatsoever in our society to do the right thing in this respect. We value ownership waytoofuckingmuch when it comes to businesses, were never going to get past the argument of "I put forward the capital for this business, I am entitled to all of the profits. Who cares that there is no work for you? No work no pay."
I forsee a gigantic increase in homelessness and politicians will use that as an excuse to further cut any social spending as they'll pin all our issues on "communist policies." :(
Are you familiar with the term "capitalist realism"?
Not in that term, but as a concept. I do know it now though so thanks!