What happened
At a major business conference, Jeff Bezos told the world not to worry — he believes AI will lead to a shortage of workers, not a surplus of unemployed people. That same week, a report came out showing 97,000 people lost their jobs in May, and nearly half of those layoffs were directly tied to AI replacing their roles.
Why it matters
The context behind the story.
There's a real split happening right now between what tech billionaires predict and what workers are actually experiencing. Both things can't fully be true at the same time — and regular people are the ones caught in the middle while that argument plays out.
Takeaway
Easy to be optimistic about automation when you own the robots.
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