Has the decline of knowledge work begun?

I’m surprised not many people talk about this, but a big reason corporations are able to do layoffs is just that they’re doing less. At my work we used to have thousands of ideas of small improvements to make things better for our users. Now we have one: AI. It’s not that we’re using AI to make all these small improvements, or even planning on it. We’re just… not doing them. And I don’t think my experience is very unique.

It is part of the regular economic cycle. Most companies try to do more with less, like in any downturn. This cycle is different, as senior management now has AI to justify hiring fewer knowledge workers. Things will turn around eventually when the AI bubble bursts. Companies will then scramble for graduates who have likely moved to work in different industries and complain about a talent shortage.