Couldn’t have said it better myself. Economists and sociologists believe that 30% unemployment would cause a break in the social contract and potentially lead to revolution to some degree. It’s clear why we continue to see numbers float around 3-4%.
In a capitalist world that expects infinite growth within finite resource constraints, AI is the perfect scapegoat to use in order to reduce 2/3 corporate spend aka labor costs.
Couldn’t have said it better myself. Economists and sociologists believe that 30% unemployment would cause a break in the social contract and potentially lead to revolution to some degree. It’s clear why we continue to see numbers float around 3-4%.
In a capitalist world that expects infinite growth within finite resource constraints, AI is the perfect scapegoat to use in order to reduce 2/3 corporate spend aka labor costs.