The US is headed for mass unemployment, and no one is prepared

Source: late_bloomer_tw

44 Comments

  1. It’s a great paradox of Late Stage Capitalism that those at the very top won’t have anyone left to exploit.

  2. Significant_Cup_238 on

    Can we not do a third once in century economic disaster now? I’m only 20 years into my career, and really don’t want to go through it a third time.

  3. JeffSteinMusic on

    another episode of “Things That Can And Will Happen When The Vast Majority Of America’s Free-Willed Adults Absolutely Refuse To Care About Their Own Governance”

    And, yes, reflexive contrarians of Reddit, it is the vast majority: Republican voters (32%) + non-voters (37%) = 69% = vast majority.

  4. Oh they are preparing they will just invest a fortune into private prisons and make it illegal to be homeless.

  5. late_bloomer_tw on

    What I find fascinating is that this is on The Hill. Almost bordering on LAMF territory.

  6. ~~The US~~ The world.

    No country is prepared for this. Even full dictatorships won’t be able to deal with the mass unemployment AI is likely to cause.

  7. How can we prepare? Covid lockdown unemployment, caring for an elderly parent, ate up all our savings. New job pays less, everything costs more. I really can’t take much more stress. I am in the best shape of my life because I know I will have to work until I am dead. If there’s another economic collapse, I will just pack my car and live in the mountains and eat pine cones. I am so fucking done. This country is a joke.

  8. Heading? *cries in being unemployed for almost a year*

    Lost my job last April right after they cut DEI and started hounding immigrants.

    I’m Puerto Rican, a legal citizen, but I swear around here, putting hispanic on my applications makes me unhireable.
    Not to mention, living in a blue state but a heavy red area and no money to move.

  9. Yeah, all this AI hype yet no mention of how hallucinations are just baked into LLM’s without any realistic path to prevent these hallucinations from happening. Then you have the issue of these same models burning through training datasets or cannibalizing data sets so eventually we’ll just get meta-slop being passed off as actual progress. I’ll believe it when I see it.

  10. Eh, I agree with the headline, and even with the author’s support for UBI, but disagree with his identification of the cause. He sounds the familiar AI alarm, but AI is not going to cause mass layoffs in the next couple of years by replacing people. The AI bubble bursting may cause mass layoffs because the economy is collapsing, but not because an AI agent can suddenly replace you. We’ve seen over and over again AI is an overhyped tool that *might* be transformative sometime in an unspecified-but-not-immediate future, bt is currently an imperfect tool at best and a hinderance at worst.

  11. Karl Marx saw how capitalism would destroy itself through automation. [https://thenewobjectivity.com/pdf/marx.pdf](https://thenewobjectivity.com/pdf/marx.pdf)

    When somebody tells you Karl Marx never saw mass automation coming, he saw it before everybody else and he didn’t get to hand wave away how it would happen since computers didn’t exist yet.

  12. Terrible_turtle_ on

    >We must dispense with the dangerous fiction and start facing the brutal reality.

    >A society where tens of millions are unemployable is not a sign of free-market success but a powder keg. You can’t preach personal responsibility to a population for whom responsibility has been rendered economically irrelevant. You can’t defend social order while ignoring the conditions that make order possible.

    >Universal basic income, viewed through this lens, stops looking like a left-wing indulgence and starts looking like a stability mechanism.

    Dude is actually making the case for universal basic income. I did not see that coming.

  13. MAGA will claim no one wants to work. But literally the opposite is true.

    – Some of it for business is due to the economy (but no one wants to be the first to admit that. Bad for stock)
    – Some of it is “AI” when really they don’t want to hire in the U.S. like before and they’re going all in on AI which is risky.
    – They don’t want to train people. Everyone must be a unicorn and must “hit the grown running.” Eventually when the seniors retire, there’s no one that has been mentored to replace them. Then what?

    Oh right, they didn’t think that far.

  14. Trades won’t be spared either. Amazon will have a plumber at your door within two hours after they muscle out every indie. Walmart playbook.

    You too can be an Amazon plumber… for $25 an hour.

  15. People really need to stop believe all the crap these AI Hype-Bros keep slopping out to get VC funding, like chatgpt is not going to replace even white collar workers. The almost all of companies that have tried have backtracked pretty hard when they found out that their “Advanced AI” was busy making crap up and making stupid decisions. Nor are any of the wacky robots you see tech companies putting out going to replace all of the manual and skilled labor, these guys are just pushing this stuff to try and get that sweet venture capitalist funding so they can steal most of it before fleeing to Dubai or something

  16. glad i kept my job for warehousing for 6 years. on top of a back up gig. i used to think it was hell. but the last few years has became a blessing. good luck out there guys.

  17. How is Noone prepared? When Musk was involved there were mass firings its one of the first things that happened, then tariffs happened lots of places are struggling, and people are still boycotting American businesses that should also have an impact..

  18. Gentleman_Villain on

    If this author is correct-and fuck if I know. The competing narratives of AI bubble popping and AI eliminating the workforce are too much for me to reconcile.

    But if the author is correct well then it’s great that we have the kind of leadership that will approach this problem with the sober, humbling gravitas and thoughtfulness-

    Oh dear.

  19. I mean… this will do it. A huge part of why the USA hasn’t erupted into massive protests already is that so many people will literally start starving if they miss any significant amount of work.

    If a wave of mass unemployment hits, the retaliation for all the suffering this administration has caused will be apocalyptic.

  20. Pain is the only language this dumbass country understands. Maybe itll finally motivates the apathetic majority.

  21. Or, alternatively, we could just collectively decide not to. None of this is essential, there’s no fundamental need for AI.

  22. Oceanbreeze871 on

    Everybody saying “go into the trades” ain’t gonna have any work when all your customers are unemployed, businesses are failing and your own trades are flooded with younger manual laborers who’ll do the job “good enough” for a fraction of the price.

  23. wynnduffyisking on

    It is insane that we are allowing the richest people in the world to make a technology to replace us.

  24. Tax any company that incorporates more than X% AI vs human workforce, put that towards UBI. Also, TAKE the money from billionaires, these parasites shouldn’t exist. That’s how you combat this, the money is there for a more balanced society, its held by a few thousand wretches hoarding their wealth.

  25. Resident_Function280 on

    If UBI ever comes out it wont be enough to live off of comfortably. It’ll be like disability. My mom only get $1.3k/mo on that but it isn’t enough to pay for all her bills and housing and she can’t work so I have to pay the rest of what she needs.

  26. BrockenSpecter on

    Yeah that’s on purpose, having a lot of unemployed people without any safety nets makes crime go up which in turn is another reason to declare the insurrection act and destroy civil rights.

  27. Clickbait headline.

    The billionaires are *totally* prepared for this, because they’re the ones causing it.

  28. Dismal-Sail1027 on

    The best jobs for many average Americans were government jobs. But the pig destroyed those while pocketing billions.

Leave A Reply