What is the meaning of this
>>61188812We are beyond fucked.
>>61188812Direct effect of AI on the economy
>>61188812free money has to go somewhere
>>61188812Cash going into financial markets instead to the real economy
>>61188843There’s no demonstrated link between AI adoption and increased productivity. It’s just a hype bubble
>>61188820Just in time to buy BYND
>>61188843AI = All Indians
>7 replies in 4 hours to this blatant signal of imminent economic catastrophe This whole board really is just degenerates gambling on shitcoins huh
>>61189418Don't you feel more productive?
>>61190409yea, so what normal retail small money folk should do ??? any ideas ???
>>61190409When do you expect the inevitable crash?
>>61188812You have no idea just how over it is. The rich won, we lost.
>>61190409>imminentit's a trend over the course of years, there's still plenty of time for things to get worse
>>61188812the economy is getting more efficient and less turnover with more people staying employed.This is great!
>>61191202>there's still plenty of time for things to get worseoh, that's a relief! xD
>>61188812>big companies realizing how useless most of their office staff is after COVID>zero organic growth due to scale and first mover advantages>consolidation of so many sectors>out-sourcing anything they can and in-sourcing anything they cant for labor arbitrage>corporate and top 20% spending is now all that matters for money velocity>pro immigration admin (muh hotel and farm workers) to keep a lid on wage price spiralWhat should have been the "tell" was the past ~3 years or so nearly all job growth attributable to health care (mostly low paid shit scrubbers)
>>61188843direct effect of millions of indians and mexicans flooding the job market every year while companies grasp on to the dying dream of women joining STEM
>>61191229It's not the HR roasties and girlbosses they are firing though, it's programmers, people who check reports, people who actually make the bread and butter.
>>61191393>HR roasties and girlbosses they are firing thoughHR are the ones doing the layoffs or making the RTO so bad that people just quit. At the end of the day its not so much that firings are skyrocketing, but that hiring is non-existent for most industries, while companies just whittle away through attrition with quits and retirements.
>>61189418productivity doesn't matter, they are firing people to save on costs.for instance, people that work on youtube, they are replacing people with youtube AI, so now it's even more shit.
>>61188812totally unrelated. SP500 gets 40% of its revenue overseas even? they have employees all over the world?
>>61188820We aren't fucked, capitalism is though>>61191393Capitalist production is doing what it's always done, making production more efficient and then laying off workers when the ones remaining can use more efficient tools to pick up the slackDon't get me wrong, there's nothing wrong with this from a development perspective, but it does suck that actual people with actual talent are starting to suffer.
>>61188812The stock market is becoming the economy
>>61193391This happened during another point in history
>>61190409>desperately monitoring a thread so somebody can spoon feed youmidwits don't belong on this board. You should try >>>/o/ , it's probably just right for you.
We still haven’t seen latest job report because of shutdown
