AI and Remote Work Will Drastically Reduce Cost of Knowledge Work

Remote work and AI will significantly decrease the cost of knowledge work, making it about 10% as expensive. This reduction in cost is not a long-term prediction, but rather a near-term reality. Consulting organizations, filled with lawyers, accountants, and IT professionals, will benefit greatly from using AI tools. However, the impact of AI goes beyond cost reduction. It enables new possibilities and drives novel advancements, creating new projects and progress that were previously unimaginable. The integration of AI tools with other technologies will lead to the emergence of new products, ideas, and industries that are not currently on our radar. The focus should not solely be on job destruction and cost reduction, but rather on the exciting and transformative potential that AI brings to the market.