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I agree with you. Putting myself in the shoes of a tech CEO, I see other companies laying off and saying that their AI strategy made them so productive that the
by ranguna 5mo ago
I agree with you. Putting myself in the shoes of a tech CEO, I see other companies laying off and saying that their AI strategy made them so productive that they don't need 20% of their employees anymore, I see investors flocking to that company, I look at my company and feel investor FOMO, I layoff as well.
It's nothing personal, it's just how the US works. If this were to happen in Europe, your company would burn to the ground. The amount of compensation you'd have to do would eat your gains from the layoffs.
- pjc50 5mo agoMeanwhile in Korea: https://www.tomshardware.com/tech-industry/south-korean-official-proposes-citizen-dividend-from-samsung-and-sk-hynix-tax-windfall-spooking-markets https://www.tomshardware.com/tech-industry/south-korean-offi... https://www.tomshardware.com/tech-industry/sk-hynix-employees-could-receive-447000-bonuses-this-year https://www.tomshardware.com/tech-industry/sk-hynix-employee... SK Hynix is making an absurd amount of money from the RAM shortage, and the employees are not unreasonably demanding their cut from it.
- api 5mo agoPeople forget that all the training data to make these things was harvested with little concern for copyright or proper licensing. A dividend or basic income or something funded by a tax on this stuff is not at all unreasonable. The technology is cool but it’s basically mass piracy.
- mathverse 5mo agoYeah but when you get old enough you get sacked and cant get employed anywhere and have to start frying chicken. So..
- monooso 5mo agoAs opposed to what happens in the US, you mean?
- _DeadFred_ 5mo agoCome on. We all know in the US a chicken place would never hire you, you would be 'too overqualified'. You have to do 'consulting' work for scraps as a tech person for out of favor industries as your wardrobe slowly goes out of date/becomes threadbare.
- ranguna 5mo agoMeanwhile in what does that have to do with what I said?