I post this because we all know CS is a J Dimon wannabe clone. Since he’s never had an original thought and AI is moving faster than our lazy government, this is inevitable here at WF. I realize we already use AI-don’t come for me. :)
JPMorgan boss Jamie Dimon says AI will bring 3.5-day workweek
https://mol.im/a/12585261
Buy individual stocks and vote against high CEO pay. Quit relying on mutual fund/ETF companies like Vanguard and Blackrock to vote against these big salaries. They are supposed to vote in the best interest of the fund shareholders, but obviously they don’t.
@byi Exactly and our country leads the world in CEO pay that’s way out of wack. Hopefully that changes in the long run.
Someone posted this comment on the Dailymail site:
"AI can replace CEO's too. They won't take $33 million per year in salary."
Good point! LOL
Is that the guy that was on Saved By The Bell?
Fewer hours of work isn’t generally where efficiency gains are reflected. The economist John Maynard Keynes famously predicted that his grandkids would work just 15 hours a week because of industrial advances. What happened instead was a greater accumulation of wealth among the rich and ruling (especially the ruling, given that our federal government expenditures now exceed $6 trillion annually). But we’re still working tons of hours.
Thanks, OP!
While only getting paid for 2.5 because AI is doing the "heavy lifting".