alt Hacker NewsYes, as an oldster I’m constantly on the phone with mutual fund managers expressing my desire for CEOs to push more AI. :eyeroll:
Now if you’ll excuse me, I have to get back to conspiring with my fellow seniors to keep house prices up in my local area.
I know you're trying to reduce it to absurdity, but that's not what I'm saying you're doing, and I think you know it.
I'm saying people chase returns. If you find out that one mutual fund is going to give you reasonably higher returns than your current mutual fund, you're likely to at least consider the option of switching to that competing mutual fund, regardless of how they get the increased returns.
Multiply that times a few dozen million people and you start to see some effects on the economy, like laying off workers in favor of using AI.