You’re talking about two major impacts 1. productivity increase through tech vs 2. productivity decrease due to work-force restructuring and framing it like it clear as day which one will be bigger. I doubt that it is clear. We do not know and we do not have a precedent case in a similar fashion. Previously revolutions required the production of physical goods that take much longer to supply and adapt to and thus, the job market has a longer period for adaptation. Digital revolutions happen rapidly. No need for extending the production capacity over half a decade and then another 2-5 years to supply everyone who relies on your manufactured stuff. It can happens as soon as a fee workers learn to make use of the new software.
mhmilo24 t1_je54rwe wrote
Reply to comment by Rd21Bn in The NDX will effectively become the 'AI Index' and go 10x in the next 5 years even in the macroeconomic downturn people are FEARMONGORING by Rd21Bn
You’re talking about two major impacts 1. productivity increase through tech vs 2. productivity decrease due to work-force restructuring and framing it like it clear as day which one will be bigger. I doubt that it is clear. We do not know and we do not have a precedent case in a similar fashion. Previously revolutions required the production of physical goods that take much longer to supply and adapt to and thus, the job market has a longer period for adaptation. Digital revolutions happen rapidly. No need for extending the production capacity over half a decade and then another 2-5 years to supply everyone who relies on your manufactured stuff. It can happens as soon as a fee workers learn to make use of the new software.