[overgard]

I said they want to eradicate the middle class, I didn't say they'd succeed at it. But your logic is faulty either way:

> How can something be both a bubble and also eradicate the middle class's ability to make a living?

Easy: it gets a lot of people fired because of AI psychosis in CEOs, then massively underdelivers on replacing them. Or it succeeds in replacing them, but ruins the economy because nobody can afford to buy anything anymore because they're unemployed. Or a million other scenarios.

To be clear, I don't think it will replace the middle class, I just think that's basically the intention. If it's not the intention, they're at the very least indifferent about the potential catastrophes. Again, they're claiming to be a "public benefit" company. They chose that route, and they're not living up to it.

It's a bubble because it massively overpromises and underdelivers, and it's a menace because what they're promising (and failing to deliver on) is bad for everyone save rich people, and it'll eventually be bad for them, too (hint: "taste" is not going to save you)

[bwhiting2356]

Big layoffs so far have been at legacy companies. Hiring at startups is strong, and the unemployment rate is steady at 4%.