Comment Re:perceived (Score 2) 75
The tool doesn't exist in a vacuum. Your scenario is eliminating too many relevant variables.
For example, most software development companies are in competition against each other AND have more features they want to develop than they have time to develop. They must constantly choose which features/bugfixes to skip in order to make room for the most important ones, and they must choose wisely in order to maintain their competitive position.
So when the tool suddenly increases the productivity of their employees, they don't necessarily cut staff to get back down to where they were. They can now complete more of the work they want, without hiring new people. That's a total win that doesn't involve any job loss at all.
Furthermore, when companies DO cut down to get back to their prior level of productivity, their competitors (who didn't cut staff) now run circles around them, and they must re-hire in order to catch up.
Of course, the scenarios I just gave ALSO glance over many relevant variables. Nothing that happens on the economic stage is this "pure." There are far too many inter-permeating effects. But my point is that you are seeing only one tiny little possibility among many, with real incentives that prevent yours from being the only story.
We get headlines listing layoffs all the time, in part because such headlines are marketing signals and help drive stock prices up. We don't get headlines about the hiring that is also happening. There is constant churn going on, so the numbers we see are skewed and our perception of the economic consequences is equally skewed.
So, things might not be as bad as they seem when you focus ONLY on the reported layoffs and ONLY on the "lay off staff and stay the same" possibility that AI presents businesses. The big picture is, simply put, bigger than that.