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HONEST ECONOMICS Kent Bhupathi HONEST ECONOMICS Kent Bhupathi

Sorry to Burst the Bubble! Why AI’s Promise Won’t Deliver Without a New Economic Framework

It began with headlines.

“Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates.”

“Salesforce CEO: ‘I need less heads.’”

“Meta axes 600 roles amid AI expansion.”

Each announcement laced with brutal irony, revealing companies not in distress but actually flourishing through the very mechanisms that deemed their hires expendable. Fair is fair, though, right? Nothing illegal happened, and technically this is an expectation of the marketplace. So, one can only wish these families all the best… right?

Then came the tag: “AI and robots will replace all jobs,” making work essentially “optional, like growing your own vegetables.”

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