There are also blue- and pink-collar industries that we all tacitly agree are crazy understaffed right now because of brutal work conditions and low pay (health care, child care, K-12, elder care), with low quality-of-service a concern across the board, and with many job functions that seem very difficult to replace with AI (assuming liability for preventing children and elderly adults from physically injuring themselves and others).
If you, a CEO, eliminate a bunch of white-collar workers, presumably you drive your former employees into all these jobs they weren't willing to do before, and hey, you make more profits, your kids and aging parents are better-taken-care-of.
Seems like winning in the fundamental game of society - maneuvering everyone else into being your domestic servants.
Right, but the elephant in the room is that despite those industries being constantly understaffed and labor being in extreme demand, they're underpaid. It seems nobody gives a flying fuck about the free market when it comes to the labor market, which is arguably the most important market.
So, flooding those industries with more warm bodies probably won't help anything. I imagine it would make the already fucked labor relations even more fucked.
It would be bad for compensation in the field(s) but the actual working conditions might improve, just by dint of having enough people to do all the work expected.
If you, a CEO, eliminate a bunch of white-collar workers, presumably you drive your former employees into all these jobs they weren't willing to do before, and hey, you make more profits, your kids and aging parents are better-taken-care-of.
Seems like winning in the fundamental game of society - maneuvering everyone else into being your domestic servants.