It’s really a perfect storm right now for gen AI to create this “shiny object” effect:
• Companies increasingly investor-driven, pressure shifts from growth to cash extraction
• Salary for knowledge-based jobs increasingly drives cost structure
• Pandemic took 1-2 million people out of the workforce; labor has increased leverage
• But wealth & power ever more concentrated with executives & investors
So picture it: you hold the reins of the company, you just neeeeed to get more cash out of it faster, but that’s hard because you’re paying all these people all this money for all these things that you don’t quite understand but seem like they •should• be a lot easier…
…and suddenly somebody says you can just replace them all with machines?! Prayers answered!
It’s pretty hard not to switch off the thinking part of your brain at that point. Shiny toy on the store shelf.