AI Productivity Gains Mainly Benefit People at the Top

A Hacker News essay argues that generative AI productivity gains flow to executives and shareholders rather than workers, citing Salesforce cutting headcount from 9,000 to about 5,000 while raising its share buyback by $20 billion. An Upwork 2024 study found 77% of employees using AI say it added to their workload, and 21% were asked to do more work as a direct result.