AI productivity increases jobs rather than eliminating them

.@MartinShkreli is skeptical of the narrative that finance companies will rush to replace employees with AI. “If you become more productive at work, the company doesn’t say, ‘Oh, let’s get rid of you and save whatever amount of money.' They’re already making money with you employed. The fact that you’re becoming more productive means that whatever the margins were, they’re probably improving.” “We as humans want to employ other humans, and we want to be productive. Nobody wants to needlessly employ people, but I think that there's this idea of - a machine can do your job. We have this at my office. I say, ‘Chris, I wrote a program to do your job. Good news, you don’t have to do it anymore, but there’s a new thing you have to do now.’ And our company just got twice as efficient. It’s wonderful.” “If that person has a couple more hours a day now, great. They can go meet with potential recruits or go meet with some potential customers. There’s always something you can do.” “In finance, adoption of AI has been very slow, and it’s probably going to stay that way. Finance people are stuck in their ways, which is a good thing and a bad thing. If you’re selling software to them, once they get stuck in their way, you’re very happy. But there tends to be a heavy dose of contrarianism in certain industries. And I’d say across the S&P 500, there’s this sort of, ‘technology - we’ll use it eventually.’”