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Yes, the idea of businesses is to reduce costs. Labor costs are a big expense. It's harder to do than it looks. Offshoring to places with lower wages has kept
by RachelF 2y ago
Yes, the idea of businesses is to reduce costs. Labor costs are a big expense.
It's harder to do than it looks. Offshoring to places with lower wages has kept wages for many white- and blue-collar workers in the West from growing. But it is hard to do correctly.
I suspect AI or AGI or AI with agents will take a longer time to actually work reliably than many suspect.
- graemep 2y agoI agree, but, like offshoring, it does not have to work all that well to reduce demand by enough to have a significant impact on incomes.