Yeah, if AIs make people more productive, then the only options are expansion or cutting workforce.
But I’d rather focus on the positive. Think about how hard it is to get a job today, going through the process of writing resumes, submitting them, waiting for results, submitting more… And the process is error-prone in the sense that you might miss submitting to what would have been a great employer, or the employer misses getting you, the perfect candidate, because they put some requirements in the job listing they didn’t really need but which disqualifed you.
Matching employers to employees is difficult, and the result is an inefficient job market, unhappy employees and less productivity.
With AIs in the mix, all you might eventually need to do is announce to the AI that you are on the job market, and it will submit your resume to every employer that’s even close to your requirements. And those employers will respond almost instantly if you aren’t a match, so you can get feedback faster and either re-tailor your resume or upgrade your skills or whatever.
As an employer, I announce to the HR AI that I need a junior developer for team X. The AI looks at what team X is doing, figures out what skills are needed, and within minutes has filtered through every candidate with an open resume, scheduled phone interviews for the best candidates, etc.
The downstream effects of this are progressive. It should make it easier for employees to leave jobs, as the friction for finding a new one will be lower. The old way of hiring employees through job agencies and such could cost as much as a year’s salary. Eliminate that, and you can pay employees more. And having a better match between jobs and employees should drive up productivity.
On the other hand, if you are an employee in a head-hunting firm, you might want to start upgrading your skills, as you may not have a job for long.