Exactly what I was thinking when a recent big bank CEO accidentally let his contempt slip out. He referred to mass layoffs as "It's not cost-cutting. It's replacing in some cases lower-value human capital with the financial capital and the investment capital we're putting in." [1]

That "lower-value human capital" isn't janitors - it's a wide array of highly skilled professions including software engineers and many others. Of course the guy who's at the top engaging in nothing but 'unfalsifiable' fuzzy actions, and could be replaced (sans his connections/corruptions) most easily of all, is ultra-high-mega-untouchable infinity value humanity embodied.

I really don't like what big business does to people, on the bottom and the top. The fact somebody could even use the term lower-value human capital without cringing at themselves, let alone to a reporter in public - that's one hell of a bubble this guy lives in. And now we're dumping "AI" into this bubble. WCGW?

[1] - https://news.sky.com/story/standard-chartered-to-replace-low...