>We'd have to assume AI creates zero new jobs or industries
Zero American jobs, sure. It's clear that these american industries don't want to invest in America.
>They won't. They never have.
not permanent, but trends don't look good. It doesnt' remain permanent because mass unemployment becomes a huge political issue at some point. As is it now among Gen Z who's completely pivoted in the course of a year.
Increased production has always just lead to more stuff being made, not more people unemployed. When even our grandparents were kids a new shirt was something you’d take care of, as you don’t get a new one very often. Now we head on to Target and throw 5 into our cart on a whim.
Were there less weavers with machines now doing the job (or whatever?). Sure. But it balances out. It’s just bumpy.
The big change here is that it’s hitting so many industries at once, but that already happened with the personal computer.
>The big change here is that it’s hitting so many industries at once, but that already happened with the personal computer.
The PC was pre-NAFTA, and since then we've had at least 3 waves of tech trying to outsource tech jobs (let alone actually impacted jobs like manufacturing) to cut costs. We're now on the current wave.
Or you know, don't do that and buy a home when you are 40 instead of 25.
People who do save an have good discipline, and don't have children to early still do pretty well.
The culture of 'yolo just get a credit card with 18 and max it out for video game skins' is literally losing people 100000s over their lifetime.
Yes buying a house is not as easy as before, but the doomerism a solution. You can rent and be save. Renting isn't inherently worse for you in the long, that just myth.
Zero American jobs, sure. It's clear that these american industries don't want to invest in America.
>They won't. They never have.
not permanent, but trends don't look good. It doesnt' remain permanent because mass unemployment becomes a huge political issue at some point. As is it now among Gen Z who's completely pivoted in the course of a year.