🤖 Companies have been trying to cut down on workers for a long time through various methods like downsizing, outsourcing, and automation. Recent advances in AI are already replacing jobs and improving daily.

📊 A new study predicts that 40% of global jobs could be impacted by AI, potentially replacing 300 million full-time jobs, including in legal and engineering fields.

💼 Companies using AI in contact centers hired 89% fewer agents than those that did not. Additionally, 36.8% of companies that added AI laid off an average of 26.1% of their employees.

🏭 In 1914, Henry Ford doubled his workers' salaries to boost company revenue. However, if employment rates drop significantly, companies may struggle with reduced revenue as people without jobs lack buying power.

🎮 The video game industry is now larger than the movie, music, and television industries combined, with a focus on catering to wealthy players who spend significantly on in-game perks.

💰 The value of human labor has stagnated while asset values have skyrocketed, leading to more wealthy individuals. If automation continues, the value of labor may decrease further.

📈 Universal Basic Income (UBI) has been proposed as a solution for those displaced by automation, but it may lead to a divide between those relying on government support and business owners.

💵 A recent UBI experiment in Texas and Illinois provided $1,000 a month to some participants, but results showed they earned less overall due to reduced work hours.

🔍 The endgame for investors in automation is a utopian future, while the goal for others is to ensure they are not excluded from it.

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