HappyHacker731

4 ms·

1. 1.▲
   by HappyHacker731 6mo ago

   Just because it isn't as bad as 2008 yet doesn't mean we aren't in a recession. I would argue that we were also in a recession before the housing collapse actually hit. Economists will also tell you that the great recession e
2. 2.▲
   by HappyHacker731 6mo ago

   Exactly. I've been thinking about the demand issue for a while now too. It makes me think either the frontier labs are really "move fast and break things" cultists that truly don't care about any second order effects, or
3. 3.▲
   by HappyHacker731 6mo ago

   > we'd 100% be in a recession A little confused as to how exactly a handful of unprofitable companies are keeping us out of a recession? GDP is not the economy. We have been in a "recession" for a while now, not that that
4. 4.▲
   by HappyHacker731 6mo ago

   You're right and it's actually even worse than that. If X% of the white collar jobs get replaced by ai that means there are X% more people competing for the "safe" jobs. Over time the "safe" jobs will pay less