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> It is, however, making me a bit crazy that the industry's response to (presumed!) increased productivity has been to cut costs rather than invest more broadly
by bluefirebrand 7mo ago
> It is, however, making me a bit crazy that the industry's response to (presumed!) increased productivity has been to cut costs rather than invest more broadly and deeply in software
It's almost like they don't actually believe (or care if) it is increasing productivity and are just using it as an excuse to cut costs
- reverius42 7mo agoStill doesn't make sense to me then, even ignoring AI -- why are they cutting costs while making record revenues and profits?
- coldtea 7mo agoBecause they're seeing the writing on the wall - the economic is going to shit. Their "record revenues and profits" just come from squeezing their customers, already at breaking point, to the max, to just move the needle in the stock market. They know this is not sustainable at all.
- reverius42 7mo agoIsn't the assumption of overall economic growth kind of load bearing for capitalism? What happens when the whole economy starts planning for contraction instead?