Comment on CEOs say generative AI will result in job cuts in 2024
lolcatnip@reddthat.com 1 year ago
Reminder: the problem is 100% capitalism, 0% technology. We’ve built a truly perverse economic system in which eliminating labor hurts people.
It hurst people not rich enough to be in the 1% or above. The 1% or above will benefit from it in the short term. In the long term it is going to hurt them as fewer and fewer people will be able to buy their products and services. At least for this quarter it'll look dynamite.
Capitalism is going to eat itself.
We have Jack Welch to thank for this trend. It wasn’t always that way.
Or Henry Ford. Heck choose anyone in the Industrial revolution. Thats when this started truly kicking off.
Well, it was Jack Welch who started the braindead “line goes up” trend of making their share price raise by any means, usually layoffs. Before him, people still had jobs for life and were somwhat looked after by their employers.
sunbeam60@lemmy.one 1 year ago
Who’s we? In the country I grew up in, you’d get two years of unemployment benefits (90% of your previous salary), free education and free student support of $1000/month while retraining. This country runs with a surplus and one of the lowest levels of foreign debt and, no, it’s not a financial haven/tax shelter.
It’s about how we structure society - let no one tell you otherwise, capitalism or not.
BirdyBoogleBop@lemmy.dbzer0.com 1 year ago
Where do you live?
sunbeam60@lemmy.one 1 year ago
I live in the UK now which is a modern feudal state and more or less a failed state. I grew up in Denmark though, which was the country I was referring to.
weirdo_from_space@sh.itjust.works 1 year ago
I have to say this, if you think UK is a modern feudal and a failed state then ya ain’t seen nothin’ yet!
UnderpantsWeevil@lemmy.world 1 year ago
No lies detected.
thatgirlwasfire@lemmy.world 1 year ago
If you dont mind sharing, why did you end up moving to the UK?