In the twenty-first century, we must resolve how to coexist with new technology. Around the world, more and more robots and agentic AI systems are being developed. Many large companies are laying off tens of thousands of people. AI is the stated reason, but I want to point out a couple of things worth thinking about.
First, cheaper labour. Companies fire thousands of people but may, within months or immediately after, hire thousands of people remotely from countries where wages are lower — typically from India. In this scenario, Europe needs to protect its workforce — otherwise people will be left without jobs and social crises will follow. Companies, driven by greed, simply want to increase profits, and labour is one of the largest costs they can reduce. This leads to a widening gap between the lowest-paid employee and those at the top. If in the 1950s the ratio might have been five to one, today it is more than twenty — though I do not recall the exact figure.
A second thing to consider is whether AI is actually cheaper in the long run — because I believe there is a bubble. AI consumes enormous resources, and AI companies are currently operating on borrowed money. They are not yet profitable. When they need to become self-sufficient, they may find that prices must rise sharply — and those prices may end up higher than the cost of a human worker.






