Part 5/11:
The Domino Effect of AI on Business and Employment
The pattern continues in various industries. After automation reduces demand for routine tasks, companies leverage increased productivity to expand operations. Higher profits enable investments in automation and AI-driven solutions, fostering a cycle of capital accumulation.
With this capital, companies can compete more intensely, prioritizing efficiency and innovation. This competitive dynamic pushes firms to deepen their expertise with AI, creating a surge in demand for skilled professionals. Importantly, the overall industry benefits through increased employment opportunities, despite short-term disruptions.