New data from the US Bureau of Labor Statistics released on Tuesday continued to show weakness in the American jobs market.The latest Job Openings and Labor Turnover Survey (JOLTS) shows that the number of new hires in February decreased to 4.8 million, which was roughly 400,000 fewer hires than wer...
It’s artificial for sure, but I’m pretty convinced it’s part of the tech bros attempting to create their feudal states. I think they’re convinced they just need a bit longer to get AI to be able to replace most workers and overplayed their hands too early this time.
In reality, they created a large force of people who want to tear down the current model where most current jobs (which are just pushing money back and forth or supporting buying and selling in some way but not creating anything) will go away anyway. Only, they’re going to keep their autonomy and power and the tech bros will have none.