That will maybe happen, but it’ll be at suppressed wages. That’s what happens every economic downturn, if you are at the top, you benefit. Everyone else gets another layer of prosperity chopped off underneath them. You’ll have precarious employment for a couple years and then gladly accept a job you wouldn’t even look at right now.
Comment on Tech companies are cutting jobs and betting on AI. The payoff is far from guaranteed
TehPers@beehaw.org 1 week ago
The only bet I see here is on large-scale financial decline. If they expected to see any kind ofajor productivity boosts in the future, they’d be hiring everyone they can.
GrindingGears@lemmy.ca 1 week ago
Powderhorn@beehaw.org 1 week ago
This feels like a repeat of gutting copy desks. “Sure, the quality will suffer, and we’ve opened ourselves up to lawsuits, but if legal expenses are even a fraction less than salary savings, it’s a net win.”
Quexotic@beehaw.org 1 week ago
Exactly. It’s only ever a stark cost benefit analysis with the ghoul class. Also, payroll is really surprisingly costly.