Ai is great, I love it. But, corporate leaders seem to think it is a silver bullet for cost savings and growth. It will provide a huge upfront savings when up and running. But what comes next? Where will the cost savings come from a year or 5 years later? Our competitors are all using it and will see the same cost savings. So, what next? How do companies grow? How do they cut cost? The employees will not be a cost cutting tool anymore.
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AI will destroy the global economy. The unemployed will eat up government resources, while at the same time, vastly fewer numbers will be contributing towards funding those. The unemployed will stop travelling and dining out, will stop buying anything but necessities. Furthering layoffs in those industries. They will no longer befubnding businesses through 401k investments into the market. It will drop, endangering a lot of retirees. Employers large and small will be insuring far fewer. This business will end up being largely Medicare and Medicaid. CSBD will shrink dramatically. Sadly, the genie has escaped the bottle and there's not much hope of going back now. On the plus side it will make things far more efficient. Yea???
@ame+1qJPFmyD - will improve the global 1% economy though 😉
In long run AI will reduce human population as the demand for workforce will die with automation, the next generation war againt humanity just got initiated in our very backyard.
You already know that there's no leadership or intelligent strategy here
Obviously, all the RIF employees will become unemployed and qualify for Medicaid. AI will widen the gap between the wealthy and the poor and is not the answer to improve the global economy.