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Keyword: gerry-tsoukalas

  • Article:Brett Hemenway Falk, Gerry Tsoukalas

    The AI Layoff Trap: Why Competition Traps Firms in Excessive Automation

    A theoretical economics paper by Brett Hemenway Falk and Gerry Tsoukalas models why rational firms cut more jobs with AI than is collectively optimal. A demand externality drives the trap: each firm captures all the cost savings from automation but absorbs only a fraction of the resulting demand loss, shifting the rest onto competitors.

    AI & LLMs· Research

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