4min chapter

Clearer Thinking with Spencer Greenberg cover image

Is AI development moving too fast or not fast enough? (with Reid Hoffman)

Clearer Thinking with Spencer Greenberg

CHAPTER

The Paradox of a Fixed Budget

I share your intuition that with these changes in productivity, it's not that the company wants to buy less labor. But I do wonder about this types of labor they're buying. So even if the budgets maintain, there's sort of a redistributive effect,. Like many poorer workers are now fired and a smaller number of much higher paid workers get the job instead.

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