Companies are making a decision that will shape the next 20 years of work — and almost nobody is talking about it.
They're not hiring entry-level talent.
A thread on what I'm calling vertical displacement, and why it matters. 🧵
Stanford economist Erik Brynjolfsson has shown that AI's productivity gains are concentrated at the junior end of the workforce.
Every senior anything was once a junior something.
The ladders are being sawed off from the bottom.
Rick Croy on star PG Dominique Daniels Jr. staying a Lancer: “The very best players still believe they can play in the NBA… The best ones are still focused on development.”
Noted how much recruiting has changed. Used to be about developing pros. Nowadays? $$. Worth a listen.