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Technology does many things, but one thing it never does is save time
It either reduces headcount, while amplifying the productivity of the remaining workers, so that fewer people working the same amount as before output the same total amount of products as before in the same amount of time
Or it keeps headcount, so that the same number of people output more products in the same amount of time
Whether it’s the former or the latter depends on how much potential for growth there is in the economy. If you’ve hit a growth wall, tech will just create unemployment. If you haven’t, it might unlock new production
In either case, what it will never do is keep the same number of people while allowing them to output the same amount of products while doing less work. So, the next time you see one of those god-damn Silicon Valley futurists spinning illusory tales of AI liberating us from work, you need to see it for what it is: propaganda
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