Training us up to replace ourselves. It’s happening everywhere. Plan accordingly.
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Much Bigger Issue(s) in the near future -
U.S. National Debt - $39.4 Trillion (and rising), $1.04 Trillion in Interest (paid by U.S. Taxpayers) per year to outside Investors that finance it; Debt-to-GDP Ratio (122.10%) per usdebtclock.
☆ Starting in 2027, these (2) things will have a (Very Negative) impact on the U.S. economic-financial system.
One CEO interviewed, projected that the Unemployment rate would rise towards the 20.0%-30.0% level in 3-5 years; it doesn't seem unreasonable due to AI.
Last Baby Boomer, 1946-1964 turns 62 this year; owning the vast Majority of wealth in the U.S. housing, and U.S. stock markets; cashing out-selling (over time) to fund their retirements.
(Nothing) is going to replace the outflows from the U.S. stock market, it certainly; won't be the younger generations.
It really won’t.
AI is more expensive than human labor. Look at how China throws bodies at problems over mechanization.
Every technology from the cotton gin to the word processor has included labor sky falling predictions. We employ more today per capita and total than at almost any time prior. New jobs filled in.
AI is expensive, silly and hyped. And lots of jobs are already make-work anyway. A 40 hour workweek is about 12 hours of production white collar. An assembly line never works at 100%. And do we really benefit from meetings with no point and hundreds of labor hours represented? How many meetings can have an ice breaker or a status report or 90% playing on their phones?
Companies will employ people if only to provide them with money to buy their products and to keep the masses from revolting.
Much Bigger Issue(s) in the near future -
U.S. National Debt - $39.4 Trillion (and rising), $1.04 Trillion in Interest (paid by U.S. Taxpayers) to outside Investors that finance it; Debt-to-GDP Ratio; 122.10% per usdebtclock.
One CEO interviewed, projected that the Unemployment rate would rise towards the 20.0%-30.0% level in 3-5 years; it doesn't seem unreasonable.
Last Baby Boomer, 1946-1964 turns 62 this year; owning the vast Majority of wealth in the U.S. housing, and stock markets; cashing out (over time) to fund their retirement.