[NoLinkToMe]

Not necessarily. You could have 100 FTE on reports instead of 300 FTE in a large company like a bank. That means 200 people who'd normally go into reporting jobs over the next decade, will go into something else, producing something else ontop of the reports that continue to be produced. The sum of this is more production.

Looking at job numbers that seems to be happening. A lot less employment needed, freeing up people to do other things.

[b40d-48b2-979e]

    Looking at job numbers

That is a wild take given the recession we're basically in from bad US policy like tariffs.

[JoelMcCracken]

I’m not in favor of these tariffs. At all. However, it seems that they haven’t had such an impact yet on the economy, at least regarding consumer prices. You’d expect much larger inflation given the tariffs IIUC.

My current understanding of the general consensus is that many companies have been eating the tariffs with the hope SCOTUS will strike them. If they are upheld, prices will likely rise significantly

[NoLinkToMe]

Actually job numbers are depressed (hiring recession) and GDP numbers are still way up, both precisely due to the AI investment. More output with fewer people.

Wild take to cite a recession when last quarter growth was 4.4%.