Comment on AI will reduce workforce, say 41% of execs in a survey
Nougat@fedia.io 7 months agoShort term is all that matters. Business fails? Start another one, and now you have a bunch of people that you made unemployed creating downward pressure on labor prices.
kromem@lemmy.world 7 months ago
No, you have a lot of people you made unemployed competing with you.
This is already what’s happening in the video game industry. A ton of people have lost their jobs, and VC money has recently come pouring in trying to flip the displaced talent into the next big success.
And they’ll probably do it. A number of the larger publishers are really struggling to succeed with titles that are bombing left and right as a result of executive oversight on attempted cash grabs to please the short term market.
Look at Ubisoft’s 5-year stock price.
Short term is definitely not all that matters, and it’s a rude awakening for those that think it’s the case.