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Am I lower-value human capital?
Thanks to one CEO’s ‘inartful’ words, it’s a question we all need to consider.
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Bill Winters, chief executive of Standard Chartered bank, gifted the phrase “lower-value human capital” to public discourse as he explained how AI would allow the replacement of back-office jobs.
PHOTO: REUTERS
Robert Shrimsley
Probably. We can’t all be high value and even if we think we are now, there’s an AI model coming soon to seriously diminish our worth. And if there isn’t, there’s still a human being willing to bet on the day when it does.
Evidence of this comes via the seriously high-value Bill Winters, chief executive of Standard Chartered bank, who gifted the phrase “lower-value human capital” (LVHC) to public discourse as he explained how artificial intelligence would allow the replacement of back-office jobs “with the financial capital and the investment capital that we’re putting in”.
