readuncutA CEOWORLD survey of 125,000 business leaders found that 88% of executives making compensation cuts said the weak job market makes it easier to reduce pay without losing talent, the kind of confession that in a previous century might have been whispered behind a closed door but which they felt comfortable saying on the record. https://readuncut.com/the-ai-bet-corporate-america-actually-made-it-wasnt-productivity/
AI Layoffs and Wage Compression: The Bet Corporate America Made
AI gave corporate America a way to gut headcount and get applauded for it. An NBER study found only 2% of execs attributed cuts to actual AI, but 60% cut in anticipation of efficiencies that haven't arrived. The bet was never productivity. It was permanent wage compression with better PR.
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