Here's the key quote in this article:
"What we've then got to make sure is that that increase in labour productivity flows through to higher wages. Otherwise, the benefits of that higher productivity are going to be absorbed by profit."
Who is going to make sure this happens? Given the fact that with a downsizing of the workforce you'll have a surplus of qualified labor, supply-demand economics will drive DOWN the cost of labor. Since the goal of any corporation is to MAXIMIZE profit, what they will MAKE SURE of is that the profit flows to the stockholders and the Board of Directors. The only thing they will make sure of is that the grunt code jockeys will do more work for less money. That's capitalism.
https://www.abc.net.au/news/2025-06-21/ai-job-fears-accelerate-white-collar-grad-roles-threatened/105440772
AI threatens entry-level jobs as university grads struggle to get hired
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