AI is an excuse to cover for the fact that these companies recognize the country is in deep recession due to Trumps tariff/ trade policies. AI is having nothing to do with any of this. Its 100% companies recognizing the fact that Trump took the economy from “ok, not great” to “stalling” to “in a tail spin” to “eject eject eject” in 8 months.
They are both problems, and ignoring AI is very foolish. It’s going to need to be regulated, but Trump has been doing the opposite.
So we can finally tax the rich since they’re not “job creators” anymore?
I doubt it really has much to do with AI. The economy is in the toilet right now due to tariffs and severe mismanagement. AI is being used as a scapegoat for layoffs and unemployment.
No, it’s very much both things. AI is 100% taking jobs away from people. Wake up, everyone.
This reminds me of the worst of Janet Yellen. You’re going down in history with Eugene Meyer and Herbert Hoover Jpow.
even if this was true (it’s not) wouldn’t it behoove the federal government to regulate AI? like, maybe impose heavy taxes on companies that leverage AI and use that taxation to fund UBI?
nahhh, let’s just trash the economy and obliterate the job markets.
That is FED Chair for “job creation is less than zero”
My takeaway from all this is that John Maynard Keynes’ concept of money velocity is correct, except this time it’s companies of one industry whipping money and future promises of money back and forth to each other.
