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Some firms are laying people off mainly so as not to look behind on AI, in a cascade of keeping up with the Joneses.
Drawn from what Alex Imas said
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What Alex Imas actually said
Word for word, with the source under each one. They did not write this page.
Behavioural economist at Chicago Booth
let's say we get into a narrative where like if you're a firm and you're not laying people off, then you're seen as like not adapting AI enough. So like then you'll get you're going to just get a cascade effect of firms like just needing to keep up with the Joneses in terms of like starting to lay people off.
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