AI and the 4-day week

Hamilton Nolan, “To Whom Go The Spoils”:

“Profits go to investors. That’s how it works. The nature of a modern corporation is not “Let’s see how we can divide the proceeds of this business most fairly.” It is “This business is a machine designed to maximize profits for investors.” The maximum possible exploitation of the labor force is a built-in part of that system. […] Why would a modern, efficient company choose to distribute its productivity gains in the form of a four day work when they could, instead, reserve those productivity gains for investors, by laying workers off, to decrease labor costs, or by having everyone continue working just as much, so that the AI produced a gain on top of what currently exists? That is what they will do. Do not fool yourself. Do not be naive. Companies don’t give shit away for free. That’s not how this machine works.”