Choices are made by people who have power and imposed upon people who don't.
The people with power under current systems don't care about the people who do the work. They care about getting rich. So if there's an efficiency gain to be had, all of that new efficiency is going to be put towards increasing output or reallocating work. None of it - under current power structures - will ever go towards allowing workers to work less, because workers aren't the ones deciding where it will go.
I have less sympathy for decision-makers who are stressed than the people who’ll be fired first, and have less mobility. Or safety net.
I care less about the motivation rather than the action.
And what exactly does it mean to "compete"?
You could have a straight up communist for a boss that completely shares all profits, but if the business doesn't extract labor value and expand as aggressively as other businesses do, it'll eventually get eaten or lawfared to death, or priced out, or closed out of deals (e.g. small player in chips related business).
So the only way to prevent industry wide redundancy at everywhere except the 1% largest companies that survive (which will also be laying off people but not completely closing down), is through organized labor. Or, I suppose, completely restructuring the economic system, which I'm very down to chat about as well, but the labor organizing feels more achievable for now.
When have you ever saved the company money and been given a bonus that was even 1/10th of that money?
In a capitalist society, choices are made according to supply and demand.
In a world where there's a positive supply shock (in this case, there's a lot more programming available for purchase today than there was a year ago), supply goes up. We therefore expect the price for the good to decrease.
This has nothing to do with power or whether people care about xyz. It's a consequence of the economic system we live under.
You can desire to live under a different economic system! That's logically coherent. But if you want the laws of supply and demand not to apply to you, that's what you're asking for.
Honestly I'm getting tired of this narrative. People take the benefits of capitalism for granted (indeed most of us on this forum do very well for ourselves relative to the average person in our country and around the world), but we blame all of its downsides on "bad people".
And 2 days off was not a system dictated by God, which we are obligated to keep in perpetuity (in fact, most religions dictate 1 day off, not 2).
So, we could, as a society, just choose to make a 32 hour workweek “full time”, and mandate overtime pay after that.
There’s no reason, even under capitalism that we must allow all of the productivity gains to accrue to the benefit of solely those at the top of an enormous pile of wealth.
In fact, I think if we choose to do that as a society, it will end horrifically.
It’s simply being looted now by the idiots this moron worshiped.
When the AI bubble pops, large companies will be extremely relieved to stop throwing money into the wind playing this game. For most companies, the AI arms race is a huge hassle. They are fine with losing money in the short term and even in the long term as long as they can find a stable path forward.
This is the exact same trajectory as when the internet came out and every insurance company and toothpick manufacturer spent gobs of money to have a brochure website built because everyone else had one. This will play out differently, but recognize most companies are acting entirely from a place of fear right now.
But let's be clear - we all probably own a decent part of our companies (collectively). Productivity gains mean winning the race to market, profits, glory. And that means ownership is valuable.
At the _very least_, you can push your company stock higher and buy it with your 10% IRA contributions or through a similar investment program and make 16x your investment over your 40 year career.
It's easy to look tactically at productivity gains being "captured" by high CEO bonuses, and that's legitimate, but we have so sufficiently seized the means of wealth production if we have stock options and market access that I'm not sure it's really valid to say we get, paraphrasing, "nothing if not a day off work".
Over the past 150 years, the work week dropped from 70+ to 35h in France.
Granted that’s a long time horizon but still.
