Derek Ross
· 2d
The Agentic future is upon us. Block just cut their staff by 40%, not because they're struggling, but because AI changed the math. Gross profit up. Customers up. Advancements in AI tools. Fewer people...
This is what happens when you slash human capital expenses. You get rewarded in the short term. But make no mistake... This is just the beginning and the turmoil will be real. Hard to sell goods when your old customers have no way to afford them. This revolution in tech is absolutely going to lead to the serfs calls for socialism. Contrast this with Henry Ford revolutionizing assembly lines AND paying his workers enough that they became devoutly loyal employees and customers; the opposite of a death spiral. It built an empire. Replace those workers with bots and you will soon have neither customers nor company.
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