«Some businesses are going to
buy less labor, they are going to have fewer hours or fewer employees.
Not exact matches
It usually requires an explanation on the order of infinite retention («yes, our sales and marketing costs are really high and our annual profit margins per user are thin, but we're going to keep the customer forever»), a massive reduction in costs («we're going to replace all our human
labor with robots»), a claim that eventually the company can stop
buying users («we acquire users for more than they're worth for now just to get the flywheel spinning»), or something even
less plausible.
Their job is
less labor intensive; they
buy and sell every day based strictly on the results of their computer model.
For example, if you
buy frozen muffins you're in the 55 - 60 cent range; if you purchase ingredients and make muffins it's much
less — maybe a third of the cost — and then you have that money available to pay
labor.
Their job is
less labor intensive; they
buy and sell every day based strictly on the results of their computer model.
In terms of hours of
labor to
buy a unit of food, clothing, or many other examples the long term trend is that it takes
less effort to do it.