Corporate Layoffs? Don't Blame AI, Blame Greed.
The Hill reports that recent corporate layoffs aren't AI's fault, instead blaming 'overhiring' during the pandemic. This narrative sidesteps the uncomfortable truth: companies have always found new excuses to slash payroll while boosting profit margins. Remember 'outsourcing'? 'Lean manufacturing'? Now it's not even a person from a different country taking your job, but a shiny new algorithm.
Funny how the only constant in these cycles is executive bonuses hitting new highs. While they debate whether AI is the *direct trigger*, the fundamental drive remains eliminating human labor costs. Corporate boards aren't investing billions in AI for its charm; they're doing it to maximize shareholder value by reducing headcount. It's not about the technology itself, it's about the ever-present
hunger for greater profit, often at the expense of the workforce. How many times will we see 'restructuring' before we admit it's just a euphemism for wealth transfer?