Back

D e f l a t i o n / A I

Is “deflation” an emerging threat to the human workforce with the growth of AI? In December 2022, Christoper Hohn (TCI) barked #SWE at #google are over payed. [1] At the time when I read this #AI was breaking through to users through #ChatGPT. The following year scores of sackings in tech happened. Did the number crunchers and analysts seize the opportunity to change tack from a human workforce to AI?

In the #AFR business press today, “The two tectonic shifts in markets that will decide the next decade” [2]

“The deflation created by AI, Shvets says, “will mostly come in the form of lower demand for labour, with companies using AI to squeeze efficiencies and reduce costs, rather than augmenting labour, as some technology cheerleaders have been suggesting.” A big chunk of #WhiteCollar #jobs could be gone in as little as five years,”

Expect to hear more business ‘thought-leaders’ talk & spruik, AI and deflation. #Deflation is the MBA speak for high-cost human #workforce reduction.