tech
The bogus four-day workweek that AI supposedly ‘frees up’
Business leaders tout AI as a path to shorter weeks and better balance. But without power, workers are unlikely to share the gains
TL;DR
- Business leaders and media outlets are presenting AI as a means to achieve shorter workweeks and better work-life balance.
- Despite claims from executives like Eric Yuan and Bill Gates, historical data shows that worker productivity has risen without proportional wage increases.
- It is argued that without the power to demand a share of productivity gains, workers may see their pay decrease or be forced to take on additional jobs as AI automates tasks.
- John Maynard Keynes's predictions of an age of abundance due to technological advancements have not materialized, with new technologies contributing to increased inequality.
- The distribution of AI's productivity gains is a critical issue, and unless workers have bargaining power, profits are likely to accrue to a small number of owners.
- The decline of labor unions suggests that workers may need to rely on political action to ensure fair distribution of AI benefits, potentially through new parties or legislation.