That’s not what is going to happen. Copilot will simply increase productivity over, and where before they needed 10 people, gradually, through attrition they will need only 9, then 8, and so on. That does not mean higher unemployment though, it means more product.
Businesses want to grow, not keep stable. They might fire a few ppl in the short term, but in the long term it’s more likely the group of 10 would just do now the work of a 12-13 group with AI, producing hugher outputs for the same money they were getting before, meaning extra profit for the shareholders.
That’s not what is going to happen. Copilot will simply increase productivity over, and where before they needed 10 people, gradually, through attrition they will need only 9, then 8, and so on. That does not mean higher unemployment though, it means more product.
“AI means there will be fewer people required to do the same amount of work”
“this does not mean higher unemployment”
I think you left out a steep off reasoning there. At least, I don’t follow.
Businesses want to grow, not keep stable. They might fire a few ppl in the short term, but in the long term it’s more likely the group of 10 would just do now the work of a 12-13 group with AI, producing hugher outputs for the same money they were getting before, meaning extra profit for the shareholders.