This week we saw some astounding GDP numbers, a modest 2% growth with an astounding 70% attributed to AI capital spending. The US economy is heavily AI centric, starving spending on housing which ultimately contributes to income inequality. At the same time companies are now reducing employee benefits, halting a two decade steady increase. It’s all about the shift from labor to machines, I guess.

I also talk about the role of legacy systems in the new world of Agentic HR, Agentic Finance, and Agentic ERP.

Lots going on, I hope this gives you some perspective on the massive AI economic transformation we’re living in. It’s all good and one of the most exciting times in our careers.

Additional Information

Why AI Is A Massive Job-Creation Technology, Despite What You Think

Introducing HR 2030: A Vision For Agentic Human Resources

The Reinvention of Workday: From System of Record to Platform of Agents

The Superagent for HR: Galileo Mars Release

Irresistible 2026: The Global Conference for HR Leaders and their Teams (June 8-10, USC)

Chapters

(00:00:00) - Economy and the Stock Market
(00:02:33) - Some Companies Are Reducing Employee Benefits
(00:08:17) - The Role of Managers
(00:12:59) - The Legacy of Salesforce, Workday
(00:18:54) - Want to pitch your AI Stories? Here!

The AI vs. Labor Economy, Why Benefits Are Being Cut, The Role of Legacy Systems

The Josh Bersin Company

The AI vs. Labor Economy, Why Benefits Are Being Cut, The Role of Legacy Systems