I guess AI is going to be how they’re going to explain the recession away. 🤷
What’s going to happen when they have to explain the ai bubble popping away?
All of the jobs that AI stole were fake?
No, AI is not stealing jobs. People are not being hired as there is a general recession. The only thing keeping it from being a technical recession is the spending on ai, with the hope it will replace jobs. The preponderance of evidence now is that it does not.
If ai didn’t exist, those jobs would still be gone. When the ai bubble drops, there will also be a drop in stocks and a drop in lending and credit, making things worse.
I don’t think the economy is that predictable so many steps ahead
What do you mean? If (when) the ai bubble pops, it’s pretty predictable what will happen. The question is when, not what will happen. The when decides who’s left holding the bag.
Ai is a useful tool, ut it is costly to run and it doesn’t have a killer app. Larger co pansies are already scaling it back as they’ve looked at their internal data.
In the past there were jobs where showing up was half the battle. That’s not the case anymore and young people are quite clearly screwed.
Famine will be a tougher thing to explain away.
Stay humble and faithful and you will be rewarded in Datacenter Heaven.
