3 ms·
The AI angle is so silly, the lump of labour fallacy will apparently never die. Every layoff article that comes out needs to include a pre and post-pandemic hea
by Barrin92 3y ago
The AI angle is so silly, the lump of labour fallacy will apparently never die. Every layoff article that comes out needs to include a pre and post-pandemic headcount, because many large software companies over the pandemic looked like this:
https://www.statista.com/statistics/273563/number-of-facebook-employees/ https://www.statista.com/statistics/273563/number-of-faceboo...
- shrimp_emoji 3y agoThe lump of labor is real. Ask coal miners who couldn't reskill. The consensus is that we'd've been better off just putting them on UBI than through retraining. Once they die, and the lump balances are cleared, only then does it "not exist".
- mrangle 3y agoFortunately for the miners, economic prosperity is about to see a massive rebalancing from the coasts back to the interior.