4 ms·
Agreed - let's say your employees cost $100/yr and your revenue is $150/yr, with a $50/yr profit. Now your employees suddenly become 2X more productive because
by pants2 1y ago
Agreed - let's say your employees cost $100/yr and your revenue is $150/yr, with a $50/yr profit. Now your employees suddenly become 2X more productive because of AI. Do you...
A) Fire half your staff, now earning $100 profit? ($50/yr to employees, $150/yr revenue)
B) Attempt to double your business, now earning $200 profit? ($100 emp, $300 rev)
C) Double your headcount and earn $400 profit?
If companies are profit-seeking, B and C should be more common than A!
- lightbritefight 1y agoFiring people is the number 1 way companies improve short term profits. Since our stock market is based on quarterly results, firing people is absolutely what the business will do. You can watch all the AI layoffs and "not hiring because of AI" in real time, right now.