I heard that there would be a new Great Depression.
I’ve also heard a lot of different theories, and one of them interested me: after the bursting of the bubble, AI will not disappear anywhere, is it in vain that so many data centers were built? AI will be embedded everywhere, people won’t even be able to test how it works, “it works somehow, great!” because all human workers will be fired, not at once, of course, but gradually, In a few years, about 2-7 years to be exact(depending on the industry). And because of this, AI systems will begin to get out of control, this will cause incorrect diagnoses, failures in the banking system, arresting or killing innocent people by drones, and so on.
The reason I’ve explained this so poorly is because, in the first place, the topic of AI and the debate around it is terribly infuriating to me, and it’s obvious that the harm from AI won’t be able to compensate for the little benefit it will bring. Secondly, I use a translator, so my text may seem crooked, unnatural, or silly.
let it frame it to you in a different way.
when was the last time there were too many workers and not enough jobs? what happened then?
the depression will start before the pop. the pop will be the middle of the story.
AI is being pushed as a way to engineer an economic apocalypse that has never been seen before. it drives employees out of high paying jobs, which starves local governments of tax spanning from state income tax to individual sales tax. all of these governments are completely unaware of this happening because they’re too occupied on saving themselves a slice of the pie. before they realize it, it will be too late.
the goal is to reduce the amount of high paying jobs to increase executive profits. these highly educated and paid workers will need to learn to subsist on low wage salaries. likely working in manufacturing or distribution facilities, though those jobs are dwindling too.
it all ends with a wealth gap not seen since the industrial revolution, the “golden age”.