The Job Sh*t Show
This week Josh covers why AI is doing something economists didn't see coming — collapsing the coordination costs that made large firms powerful in the first place. It starts with a 1937 paper by economist Ronald Coase called The Nature of the Firm. His argument: companies exist because coordinating through the market is expensive. Search, negotiate, contract, repeat. It's cheaper to just put it all inside one organization. That logic built every large firm you've ever worked at. AI is now dismantling it from the outside. A lawyer profiled in the New York Times mounted four Mac minis under his desk and runs five AI agents simultaneously — reading court notices, messaging clients in Spanish, drafting counter proposals. No firm. No overhead. No coordination tax. The same lift that solopreneurs and small teams are feeling right now? Large organizations aren't getting it. Not because AI doesn't work — but because the friction that protects big companies from chaos is the same friction preventing AI from doing anything remarkable inside them. The capability ceiling just got very crowded. And the large firms that built their advantage on scale are now finding out that scale might be the vulnerability. About The Job Market Sh*t Show The Job Market Sh*t Show: How AI Broke Hiring and What Might Be Next [https://joshlevine.substack.com/] is an investigation into how hiring actually works now, how AI and automation have upended the process, and why the old rules no longer apply. It blends reporting, analysis, and firsthand stories from inside a labor market that’s increasingly algorithmic, opaque, and indifferent to the people moving through it—while asking what, if anything, might replace a system that no longer seems to work for humans on either side of the process. Correction: In this episode Josh refers to "Robert Coase." The economist's name is Ronald Coase. Apologies for the error.
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