THE GREAT DECOUPLING OF LABOR AND CAPITAL

Summary from the TLDR newsletter

Today's megacap tech companies' growth is pretty much decoupled from their headcount. This was evident even before Generative AI arrived on the scene. AI taking over people's jobs might be a gradual thing rather than a moment in time. Even if we don't reach 'AGI', the actual difference of reaching it or not may prove to be minimal in a couple of decades.