If AI was a productivity boon: wouldn't a company employ the same or more employees to capture more market share at a competitive edge. Shedding employees because they are more efficient seems like shooting yourself in the foot to try and stand in the same spot in a race.
AI should have caused a job market boon: because less skilled employees would have been more hirable/useful. That this is not the case leads me to suspect that AI is an excuse to reduce employee count, but not the root cause.
This technology isn't even a decade old. It hasn't even been really useful until the last 3 years or so. Why would you expect it to be transformative already?
yup - its the j curve of productivity phenomenon in action. and we'll see smaller companies reaping benefits faster becasue they can start with AI native development.
AI should have caused a job market boon: because less skilled employees would have been more hirable/useful. That this is not the case leads me to suspect that AI is an excuse to reduce employee count, but not the root cause.