The tech industry will spend $380 billion this year on capital expenditures. That's enough to pay 2.5 million employees each a $150k salary, yet all they're doing is accelerating the rate that they're firing people and reducing their headcount every year. Make it make sense.
>>107063063>capital expenditures.
>>107063244Yeah, my point is that if they spent that money on employees instead of GPUs they would become massively more productive and innovative companies.
>>107063257H1Bs are capped, though, and Americans aren't productive or innovative. The money has to be spent where the business thinks it will make the most money and if your choice of hiring Indian GODs is limited by the federal government then the next best thing is AI. Cope harder.
>>107063257Congratulations anon, you're not a kike. Savor that reality.Obviously, (((line must go up))). These purported employees you speak of can't perform TOPS matrix-multiplications themselves.
>>107063298>H1Bs are capped, though, and Americans aren't productive or innovative.You have to go back, ranjeet.
truth is tech without ai was pretty stagnantyou literally have a generation whose best minds were wasted optimising b2c products for engagement and making b2b slopthe ai stuff is orders of magnitude more exciting and useful than social networks ever wereso yes, they should continue to invest in itand they she should continue to layoff people as quickly as possible and increase productivity with the aiif you're a ceo at fagman you're literally incompetent if you're not doing this and you should be fired
>>107063322You do nothing needful for the business, Cledus.
>>107063373What value does any of this offer me as an American citizen? A company that's siphoning this much money from the economy and offering no jobs in return is useless to me and 99% of the public. It's just a parasite on society that should be dismantled to make way for something that actually benefits the population in some way.
>>107063063I have bad news. I know this will be shocking to you. No company owes you anything. It’s entirely their business how they spend their money.
>>107063592See >>107063483If a company is acting like a parasite on society, there's no reason we need to allow it to exist. America has a population of 340 million people that can and will rise up if things get bad enough.
>>107063618A company can only be a parasite if the government regulates the industry or requires you to do business with them. You have a child's view of how the world works.
>>107063618People can do whatever with their money without your consent. You are just a small jealous bitter person.
>>107063659>A company can only be a parasite if the government regulates the industry or requires you to do business with them.This
>>107063483as stated in the op, the money is being spent at enormous rates.this is the opposite of siphoning money from the economy.land is being leased, power contracts are being purchased, buildings are being constructed and supplied with water and power, gpus are being bought, dividends are being paidwant to benefit from this directly? train up as an electrician and relocate to where the datacenters are being built
>>107063705>train up as an electrician and relocate to where the datacenters are being builtBut getting free gibz while I do nothing is a much better alternative. Tax these big tech companies to oblivion and gibz me dats.
>>107063377I am the business, swarthy pooman.>>107063705>this is the opposite of siphoning money from the economy.Untrue. Funneling more stolen loot into the pockets of a few oligarchs isn't remotely doing so. Don't give me any Reaganomics bullshit, either. The bottom line is people in the West from every stripe but (((one))) are much poorer than they were 20-30 years ago. Simple math here.
>>107064149you're describing a larger systemic issue that's not specific to ai. right now, most sectors in the us economy are underperforming - the ai linked sectors are the exception. the broader economic downturn is not caused by capital being allocated to AI capex. ai-based layoffs are still negligible for now.the thing you want is revolution and this board is not the appropriate place to discuss it.
>>107063659>>107063666>>107063672Do you understand that none of these ideals will matter anymore when everyone is unemployed and all the world's wealth is being hoarded by a handful of companies that refuse to hire anyone or contribute to society in any meaningful way? People will be angry and they will become violent when shit hits the fan.
>>107064513You have a 10 years old's understanding of economics. If there are 1 million unemployed people then why don't they just create an economy between themselves and create value for each other? Any country with 1 million people could create a self sustaining economy. Ooops, we have hundreds of thousands of pages of regulations and 50% summed tax wedge on everything so it's extremely hard to create business and jobs. Unemployment is mostly the result of government policies.
>>107064779>1 million unemployedThe end goal of all this AI investment is to have 150 million Americans unemployed. What do you think happens when that many people can't afford food or shelter anymore? Government becomes irrelevant at that point. People will start mass murdering anyone with money. Communism is an even shittier system than capitalism but it's probably going to be the end result of all this. Either way we're fucked because all these greedy leeches want is to take money without giving anything back to society.Honestly the best thing that could happen to western civilization is for the AI bubble to burst soon before we get to any of that and the entire tech industry to go out of business so we can rebuild an actual functioning economy again from the ground up again.
>>107064871This mania that someone has to employ you is completely unjustified nonsense. Grow up!
>>107064928Nobody HAS to do anything, but people will do what they need to in order to survive. If there's a critical mass of starving people that outnumber a small group of rich people hoarding all the wealth and unwilling to share any of it with society, no amount of government or armies will protect them. Just look at any revolution in world history.
>>107064871Companies say they're replacing you with AI because it's a way to hide that they're doing poorly and have to lay off a bunch of people anyway. You believed the propaganda.
>>107064985If they're doing so poorly, why do they have $380 billion a year to spend?
>>107064978Ok you are blaming the wrong enemy. Wealth is not given. It's created every day by people. If the government makes it hard to create wealth people will be poor.
>>107063618When was the last time it happened, gilded age?Bread and circus are too good these days.
>>107064998There is a global narrative, a shrinking economy and a few companies that is investing in AI. These are different things.
>>107063298(you)
>>107063063At a certain point there's no way you can make back your investment compared to other ways you could've spent the money.
