fuggit, going back to shoplifting

What is a powder keg is that AI is not a real profitable industry and yet the fake money involved in it has infected every part of the US economy.

When the AI bubble blows it is going to make these job cuts look paltry in comparison, and one of the reasons the AI bubble bursting will destroy so many US tech companies is that they fired all their talent because of AI and now have nothing of value because all of the talent already moved on and can’t be easily gotten back.

Time to introduce the 32 hour work week to drive down the supply of labor.

There are obviously better options to protect workers, but this is an easy one that everyone can understand.

Image is AI

There’s growing skepticism that AI is really the culprit, though — that it’s more of a convenient cover story than the actual cause. Few examples illustrate the pushback better than what happened at the payments outfit Block. After getting hammered over laying off nearly half the company earlier this year, Jack Dorsey denied the cuts were a sign of trouble, insisting instead that AI tools “are enabling a new way of working which fundamentally changes what it means to build and run a company.” But pressed by commenters on X about the bloat he’d created during the pandemic, Dorsey later acknowledged that Block had, in fact, overhired.