Andy Halliday

It actually makes sense at some level strategically to have that capability associated with your AI plans.

So I'm going to weave off of your reference to the AI bubble and the disparity between the scale of investments being made and the development of AI capacity and the actual demand for that capacity.

And I came across something that really kind of stuck with me, which is a simple explanation for why jobs are really at risk

and that the AI bubble is potentially responsible for this.

But here's the reframing of it that I think is really challenging intellectually, which is the real bubble we should be concerned about is not the AI bubble, that is whether AI is really all that and going to make that big a difference.

It's the labor bubble that we have been living in and dependent on for centuries.

And here's the quote that I'm going to give you.

Companies only hire people because they can't get all the work done themselves.

If every founder or manager could handle all of the tasks themselves, there wouldn't be anywhere near the number of jobs we have today.

The only reason the current labor market exists is because there's a group of owners, founders, managers who need help

producing their goods and services.

These people aren't required to hire anyone.

And the moment they can do the work themselves, they will.

Now, that's the bubble, right?

Stretch the, you know, the AI bubble that we talk about is a bubble that's going to, you know, possibly pop and cause a downturn in the markets for AI valuations for a very short period of time.

The bubble of labor has been going on for centuries and centuries, right?

Starting with slavery and then – and I'm not talking about U.S.

domestic slavery.

I'm talking about Egyptian slavery and go as far back as you like.

But couldn't get the pyramids done ourselves, so we got a whole bunch of people enslaved to do it.