"We're not planning any layoffs or reductions in personnel. In fact, we will increase our headcount. But the output per human at Tesla is going to get nutty high."
"We'll basically just issue money to people because the output of goods and services will so far exceed the money supply that we'll effectively have deflation."
"Companies across industries are shedding employees, from administrative workers to engineers, and attributing the layoffs to advancements in AI. Atlassian announced it would cut 10% of its workforce as it invests in AI to reshape its workforce."
While major companies like Atlassian and Block conduct significant workforce reductions attributed to AI advancements, Tesla CEO Elon Musk announces plans to increase headcount rather than reduce it. Musk states that output per Tesla worker will increase dramatically through robotics and automation, without requiring personnel cuts. He predicts that advanced robotics, including Tesla's Optimus humanoid robot, will eventually eliminate the need for human labor entirely, necessitating universal basic income as robots handle all production. Automakers across the industry are investing in humanoid robots and robotics to address manufacturing labor gaps and boost productivity.
#ai-and-automation #workforce-strategy #robotics-investment #labor-market-disruption #universal-basic-income
Read at Business Insider
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