Where are all those price cuts thanks to AI implementation m

filister@lemmy.world to Ask Lemmy@lemmy.world – 233 points –

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.

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Trickle down wasn't invented in the 1980s. It was a rebranding of what was previously pilloried as horse and sparrow economics in that if you let horses gorge on oats, some undigested oat will pass through their systems and be deposited in the fields for the sparrows to eat.

Gee, I wonder why they rebranded.

Far more accurate lol. Nothing's trickling down except some half-digested oats covered in horseshit

You're correct. I'd forgotten about Horse and Sparrow.