America reminds that you are nobody’s kid when you see how they hire and fire: “Microsoft has begun laying off about 3% of its global workforce, amounting to thousands of jobs across different levels, teams, and geographies — even as the company continues to post strong earnings and sees its share price climbing to historic highs.” That is 6,000 strong humans! That is coming after they recently cut 10,000 people.
Two centuries ago, land was catalytic as a factor of production. A century later, labour had a moment. Today, they have invented Knowledge which rules everything. Capital and Enterpreneur’s positions remain unchanged for centuries. In this age of AI, we must keep updating our skills because it is now one AI agent away from the pink slip. All those affected, our best wishes as the future has abundance.
Deepen your skill and be ahead of employers and that can only come if you move from Labour to Knowledge within the factors of production. They will be replacing Labourers even as they pile resources on knowledge. What is Labour? Forget what Adam Smith wrote decades ago since in his era there was no Knowledge as a factor.
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Labour-level factor of production will go even as Knowledge-level factor will become extremely valuable. Machines like robots and AI will do Labour-level work. So, we need to evolve to become the knowledge species. Take time and study the career module of Tekedia AI in Business Masterclass and be ready for the future https://school.tekedia.com/course/aibusiness/
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