In the 1980s, economist Robert Solow made an observation that reminded economists of today’s AI boom: “You can see the computer age everywhere but in the productivity statistics.”
It’s all FOMO. These CEOs are totally clueless about how to actually improve productivity. They’re just chasing trends and hoping not to get left behind.
Of course it didn’t. They adopted AI for stock price jumps. Then do layoffs for a x2 bump!
Line going up is God.
Literally nothing else matters. Not profit, not employees, not products, customers. Enshitification all the way down.
It’s all FOMO. These CEOs are totally clueless about how to actually improve productivity. They’re just chasing trends and hoping not to get left behind.
Always have been.