I'm Worried It Might Get Bad
11 days ago
- #economic downturn
- #AI job replacement
- #tech layoffs
- Growing concern about an imminent economic downturn, possibly within months.
- High-skilled tech professionals struggling to find jobs despite extensive experience.
- Major tech companies like Google, Amazon, and Salesforce announcing hiring freezes or layoffs due to AI-driven productivity gains.
- Significant layoffs in 2024 and 2025 from companies like Microsoft, Intel, Tesla, and Cisco.
- AI is rapidly replacing human jobs, with Salesforce and Microsoft reporting substantial AI-driven task automation.
- The economic impact of AI replacing jobs is a multi-trillion-dollar opportunity for businesses.
- Most jobs are routine and susceptible to AI replacement, affecting 60-80% of the workforce.
- Rising inflation and consumer prices are straining household budgets.
- Potential for a cascading effect of job losses, evictions, and economic panic.
- Uncertainty about government and societal responses to rapid AI-driven job displacement.