Reading about a company that has used AI to replace human new hires for the last year-successfully-and here's what I don't understand. Where do businesses think customers for their goods and services will come from as jobs for humans erode and disappear? What's the business model for success once jobs either pay crap or vanish altogether? No one can afford to buy their products? How does that work? The people left behind, how do they survive?

#AI #EconomicGrowth #BusinessAI #BusinessStrategy

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@Cotopaxi that argument is not new, though. It's the exact same argument that's been made for hundreds of years, and even as the buggy whip manufacturers laid off employees, people are still buying things.

So it's not a very realistic argument.

Ai isn't going to replace all the human workers, but it will lower the costs of production so that the huge swaths of remaining human workers will be able to afford more.

Just as always.

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