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As tech companies introduce ever more ways to leverage human resources for the economy, is this not becoming true for themselves as they drive efficiencies in more and more tasks and forces them to cut their own workforces? Is this causing tech firms to literally compete with each other as they drive ever greater efficiencies that even impact themselves. Is this a new paradigm that is compounding on itself? The only way I see companies dealing with this and keeping their work forces intact is to create completely new markets for their creations. If not, many companies will start to cannibalize themselves. Any thoughts, expansions or examples of companies adapting to this new paradigm. Could this process compound on itself and create an ever-accelerating rate of progress. Could not companies that master strategies to take advantage of this trend up and down the product chain be the ultimate winners? The ability to create new productive markets will become the ultimate skill set. Any thoughts or comments on the impact of this appreciated.
Update, Cloudfare had 400,000 people apply for 1300 jobs, this morning cnbc
Employers added 517,000 jobs in January, according to nonfarm payrolls figures. Unemployment fell to 3.4%, a 54-year low, jobs report shows.
www.usatoday.com
Unemployment is 3.4% with over 500K new jobs added.
Someone figured out how to answer the annoying questionnaire and generate resume with an AI chatbot. The bot theory makes sense.
The ability to create new productive markets will become the ultimate skill set.
As tech companies introduce ever more ways to leverage human resources for the economy, is this not becoming true for themselves as they drive efficiencies in more and more tasks and forces them to cut their own workforces? Is this causing tech firms to literally compete with each other as they drive ever greater efficiencies that even impact themselves. Is this a new paradigm that is compounding on itself? The only way I see companies dealing with this and keeping their work forces intact is to create completely new markets for their creations. If not, many companies will start to cannibalize themselves. Any thoughts, expansions or examples of companies adapting to this new paradigm. Could this process compound on itself and create an ever-accelerating rate of progress. Could not companies that master strategies to take advantage of this trend up and down the product chain be the ultimate winners? The ability to create new productive markets will become the ultimate skill set. Any thoughts or comments on the impact of this appreciated.
Update, Cloudfare had 400,000 people apply for 1300 jobs, this morning cnbc
