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by NickC25
32 days ago
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>It's going to get worse. What people should really understand that there's, so far, only one product for AI and that is labor displacement and wage suppression when we already have historically low savings rate (ie a buffer) [2] and an affordability crisis that is also only going to get worse. How do we have a functioning economy if nobody has any money? Not only that, wages have stagnated for a few decades, interest rates have been through the floor so nobody can make any money in savings, inflation through the roof, people with billions aren't paying taxes.... We don't have a functioning economy. Our stock market is being kept afloat by AI CAPEX. We have useless politicans afraid of asking trillionaire corporations and centibillionaires to pay their fair share. This country is dying. |
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