Did All Tech CEOs Agree On This Same AI Example?
If I hear Jensen, Bezos, or any other billionaire cite this example of AI creating more radiology jobs one more time, I’m gonna lose my shit. For those who don’t listen to pods or interviews, just about every tech CEO cites this narrow example as proof AI productivity gains will create more jobs rather than lead to layoffs. Of course the radiologist example is the exception, not the rule. And somehow the interviewers never think to ask any of the million obvious follow up questions.
They’re pointing to an industry where the AI productivity gains are entirely soaked up by excessive demand. This demand will certainly continue to grow as the boomer generation ages. So yes, in the niche cases where there’s unlimited demand and not enough time in the day for a shortage of workers trying to meet that excessive demand, AI productivity increases can create jobs.
But most industries have much more limited demand. And many companies are limited by this demand, whether it’s customer demand for products, or client demand for services. Thus, AI productivity gains for those businesses lead directly to layoffs over time as fewer people are needed to meet demand. I CBA walking through the never ending number of examples to prove this point.
TL;DR these tech CEOs are citing niche examples that benefit the AI narratives that benefit their own businesses, and it drives me nuts. Layoffs inc.