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Where are all those price cuts thanks to AI implementation m (lemmy.world)

submitted 8 months ago by [email protected] to c/[email protected]

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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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[–] [email protected] 2 points 8 months ago

Well it has but it isnt going to be commented on. My house was built in 1899 and we have a shortage of closet space remember once getting annoyed and wondering out loud "did people just have less clothing at one point". I said that as a man who quite literally did an engineering internship with a textile machine company. Of course clothing has gotten a lot cheaper.

Now cost disease is hitting us all where it hurts so of course it is the thing we all comment on.

But hey we can't afford a degree, a doctor, a place to live, or to go to a restaurant anymore but on the plus side you can buy anything mass produced for very little.