Calvin Tan 陳漢振

building career-savviness in students at @TheASBmba | alumnus of @teachformsia | member of TFM Alumni (IG: @tfmalumni)

[AI Highlight @AIHighlight]

🚨BREAKING: Two researchers from UPenn and Boston University just published a paper that should be uncomfortable reading for every CEO automating their workforce right now.

The argument is straightforward. Every company replacing workers with AI is also eliminating its own future customers. Laid off workers stop spending. Enough of them stop spending and nobody can afford to buy anything. The companies that fired everyone end up selling into an economy with no purchasing power left.

Every executive can see this. The math is not complicated. But here is why nobody stops.

If you do not automate, your competitor does. They cut costs, lower prices, take your market share, and you collapse anyway. So every company automates knowing it is collectively destructive because the alternative is dying alone while everyone else survives. The researchers proved this is a Prisoner's Dilemma playing out in real time.

The numbers are already moving. Block cut nearly half its 10,000 employees this year. Jack Dorsey said AI made those roles unnecessary and that within the next year the majority of companies will reach the same conclusion. Salesforce replaced 4,000 customer support agents with AI. Goldman Sachs deployed a coding tool that lets one engineer do the work of five. Over 100,000 tech workers were laid off in 2025 and AI was cited as the primary driver in more than half those cases. 80% of US workers hold jobs with tasks susceptible to AI automation.

The researchers tested every proposed solution. Universal basic income does not change a single company's incentive to automate. Capital income taxes adjust profit levels but not the per-task decision to replace a human. Collective bargaining cannot hold because automating is always the dominant strategy.

They also identified what they call a Red Queen effect. Better AI does not solve the problem, it accelerates it. Every company chases faster automation to gain market share over rivals but at the end everyone has automated equally, the gains cancel out, and the only thing left is more destroyed demand.

The one thing the math says could work is a Pigouvian automation tax. A per-task charge that forces companies to account for the demand they destroy each time they replace a worker.

The conclusion is that this is not a transfer of wealth from workers to owners. Both sides lose. Workers lose income. Companies lose customers. It is a deadweight loss with no market mechanism to stop it on its own.

[Melissa Goh @MelGohCNA]

Just In : Ex PM Najib Razak has been convicted by judge Collin Sequerah in the second trial involving state fund 1MDB. Details to come

[Calvin Tan 陳漢振 @_calvint]

@TheFuturizts @UnrollHelper

[Calvin Tan 陳漢振 @_calvint]

@arthuryeow mayhem

[Calvin Tan 陳漢振 @_calvint]

@arthuryeow Aussie Aussie Aussie

[Ad Professor @The_AdProfessor]

The 10 most creative ads from The Economist I've collected:

1. Management Trainee

[Calvin Tan 陳漢振 @_calvint]

@arthuryeow It's over for us all

[Calvin Tan 陳漢振 @_calvint]

@arthuryeow Amongst the red flag employers in our radar 🚩🚩🚩

[Spoofed @spoofed_uk]

The Crown - Season 7 Episode 8

#PhotoGate

[Stalli Senju @JayKahnD]

I thought I ASKED you to take the chicken out of the FREEZER

[Slainthayer @slainthayer]

I've visited all 175 malls in Greater Klang Valley, here's a tier list from best to worst malls in the region:

A thread 🧵

[Calvin Tan 陳漢振 @_calvint]

@arthuryeow let it rrrrrrrippppp

[Calvin Tan 陳漢振 @_calvint]

Sarawakians: "We wanted 'Secession' not 'Succession' 😩"

[Annoyed Malaysians 🇲🇾 @annoyedmsian]

The Taib family drama continues! Taib Mahmud is actually in ICU in Normah Hospital, Kuching. But he was forcefully removed by Raghad in the middle of the night. Seems like Taib is nearing the end. Link to Sarawak Report article in comment.

[Calvin Tan 陳漢振 @_calvint]

@arthuryeow beratnyaaaa mata memandang

[Calvin Tan 陳漢振 @_calvint]

@arthuryeow @jurlih0e count me in sis

[Dr Nimelesh @HausofHilton]

Say no to vape

[Calvin Tan 陳漢振 @_calvint]

Full slides soft copy can be obtained here:

https://t.co/3ALXUEecfM

[Paul Tan @paultantk]

Slides from today's PADU launch

Total 32 slides

[Calvin Tan 陳漢振 @_calvint]

@arthuryeow Nanti mintak ride

[Calvin Tan 陳漢振 @_calvint]

@arthuryeow ok

[cats being weird little guys 👅 @weirdlilguys]

so brave