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// I can't make sense of anything going on in the US economy // Just follow the money, for example: // Stock market is up but people can't find jobs. // Re-w
by rhelz 2y ago
// I can't make sense of anything going on in the US economy //
Just follow the money, for example:
// Stock market is up but people can't find jobs. //
Re-write that as: Companies are able to lower the amount they are paying on salaries and bonuses. This increases their profits, which boosts their stock price.
// Are we seeing meltdown due to AI in realtime? //
No, quite the opposite. This is what disruption looks like on the other side of it.
We are seeing companies using AI to make their workers more productive. So they don't need as many of them.