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I think we will be fine because corporations tend to scale based on their profits more than their actual needs. I think this phenomenon is caused by tiers of ma
by ericmcer 4y ago
I think we will be fine because corporations tend to scale based on their profits more than their actual needs. I think this phenomenon is caused by tiers of management getting budgets and quotas. AI will make industries more profitable but managers have a talent for burning whatever budget they are allocated, more profits will mean higher budgets which means more employees and services consumed.
Look at huge tech companies, how did FB become a 75k employee company that runs a social media site with ads on it?
I do fear for people who are a one to one replacement in low margin industries like fast food.