AI & the job market
Lots of layoffs have been announced, but how much is AI to blame?
TL;DR
AI is triggering a rapid reallocation of work.
Jobs are being broken apart and reassembled around new technologies.
Today’s layoffs are cyclical and transitional, not structural collapse.
The tension is between the speed of technological substitution and the slowness of institutional adaptation.
Deflation and abundance will be local.