4 ms·

CEOs (even most VCs) are labor too

• pavel_lishin 1y ago
  Do they know it?
• toomuchtodo 1y ago
  Labor competes for compensation, CEOs compete for status (above a certain enterprise size, admittedly). Show me a CEO willingly stepping down to be replaced by generative AI. Jamie Dimon will be so bold to say AI will bring about a 3 day week (because it grabs headlines [1]) but he isn't going to give up the status of running JPMC; it's all he has besides the wealth, which does not appear to be enough. The feeling of importance and exceptionalism is baked into the identity. [1] https://fortune.com/article/jamie-dimon-jpmorgan-chase-ceo-ai-impact-working-week-3-day-100-years-future/ https://fortune.com/article/jamie-dimon-jpmorgan-chase-ceo-a...
  • Animats 1y ago
    That's the market's job. Once AI CEOs start outperforming human CEOs, investment will flow to the winners. Give it 5-10 years. (Has anyone tried an LLM on an in-basket test? [1] That's a basic test for managers.) [1] https://en.wikipedia.org/wiki/In-basket_test https://en.wikipedia.org/wiki/In-basket_test
    • Eisenstein 1y ago
      Not if CEOs use their political power to make it illegal.
  • conception 1y ago
    Spoiler there’s no reason we couldn’t work three days a week now. And 100 might be pushing it, but having life expectancy to 90 as well within our grass today as well. We have just decided not to do that.
    • deleted 1y ago
      [deleted]
    • Eisenstein 1y ago
      The reason we don't have 3 day weeks is because the system rewards revenue, not worker satisfaction.
• darth_avocado 1y ago
  Until shareholders treat them as such, they will remain in the ruling class
• icedchai 1y ago
  Almost everyone is "labor" to some extent. There is always a huge customer or major investor that you are beholden to. If you are independently wealthy then you are the exception.
  • ljlolel 1y ago
    Bingo