Where are all those price cuts thanks to AI implementation m - eviltoast

So many companies cut their workforce as much as 10-15% citing that those jobs can be fully automated by the use of AI but I am still waiting to see any meaningful price cuts of their products from the said companies, etc.

Otherwise this will mean that they are doing this just to increase their profit margins and please their shareholders and don’t care about their customers or workforce.

  • Cowbee [he/him]@lemmy.ml
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    8 months ago

    Capital. It’s the biggest and best for a reason.

    If that’s too daunting, read Wage Labor and Capital as well as Value, Price, and Profit. Both combined are far shorter than 1 volume of Capital.