Writers and other knowledge workers are becoming increasingly worried that some forms of AI implementation could result in the loss of their jobs.

A growing number of corporate layoff announcements report significant layoff numbers.

Individual corporate layoff numbers of 5,000 or 15,000 workers are not unusual.

However, this layoff trend could backfire regarding the intended results.

Companies are ostensibly saving money,

But what about the at-scale effect of significant job losses on the economies of countries such as the United States and Canada.

Let’s suppose the 15,000 workers in a particular layoff are each making $30,000 a year.

That’s US $450 million out of the country’s national economy/GDP.

At scale, we’re looking at multi-billion dollars of personal spending power gone from the economy.

Conversely, in the early 1900s, automotive manufacturer Henry Ford was asked by a group of other auto manufacturers:

“Henry, why are you paying your workers so much more than we are paying ours?”

“So they can buy my cars,” Ford replied.

__ Dennis Mellersh, Business Media Journalist and Editor