Ding-Fire-168

nosy about astrology, feng shui, geopolitics, economics and finance, movies, binge drinking and hang-outs

[Ding-Fire-168 @Kenhui89]

Well

[Jack @jackcoder0]

Two economists just published a mathematical proof that AI will destroy the economy.

Not might. Not could. Will — if nothing changes.

The paper is called "The AI Layoff Trap." Published March 2, 2026. Wharton School, University of Pennsylvania. Boston University. Peer reviewed. Mathematically modeled.
The conclusion is one sentence.
"At the limit, firms automate their way to boundless productivity and zero demand."

An economy that produces everything. And sells it to nobody.
Here is how you get there.
A company fires 500 workers and replaces them with AI. A competitor fires 700 to keep up. Another fires 1,000. Every company is behaving rationally. Every company is following the incentives correctly. And every company is building a trap for itself.

Because the workers who were fired were also customers.
When they lose their jobs faster than the economy can absorb them, they stop spending. Consumer demand falls. Companies respond by cutting costs — which means automating more workers — which means less spending — which means more falling demand — which means more automation.

The loop has no natural exit.
The researchers tested every proposed solution. Universal basic income. Capital income taxes. Worker equity participation. Upskilling programs. Corporate coordination agreements.
Every single one failed in the model.
The only intervention that worked: a Pigouvian automation tax — a per-task levy charged every time a company replaces a human with AI, forcing them to price in the demand they are destroying before they pull the trigger.

No government has implemented this. No major economy is seriously discussing it.
Meanwhile the numbers are already tracking the curve. 100,000 tech workers laid off in 2025. 92,000 more in the first months of 2026. Jack Dorsey fired half of Block's workforce and said publicly: "Within the next year, the majority of companies will reach the same conclusion."
Nobody is doing anything wrong. Companies are following their incentives perfectly. That is exactly the problem.

Rational behavior. At scale. Simultaneously. With no mechanism to stop it.
Two economists built the math. The math leads to one place.

Source: Falk & Tsoukalas · Wharton School + Boston University ·

[Ding-Fire-168 @Kenhui89]

Awesome

[Nassim Nicholas Taleb @nntaleb]

New paper coming.

[Ding-Fire-168 @Kenhui89]

Left- Chinese Media
Right -Nikkei Asia

[Susannah Patton @SusannahCPatton]

The 2024 edition of the Asia Power Index launches today. The headline is that the US remains the top power in Asia, but China is continuing to gradually erode the US military advantage, especially in Asia🧵 1/15

[Ding-Fire-168 @Kenhui89]

上一個乙已年
1965
維基「大事紀」
https://t.co/NC85G8yxVS年

中國內部鬥爭
中台交火
美偷襲雲南
越南吳庭炎俾人搞掂
加拿大換國旗

冏

[Ding-Fire-168 @Kenhui89]

$STEM

[M. V. Cunha @mvcinvesting]

Nancy Pelosi just bought $50k-$100k in call options for $TEM.

It’s unusual for her to invest in small-cap stocks, so now everyone is wondering what’s so special about it...

Luckily, I was already preparing a thread about the company.

Here's an extensive summary of $TEM's investment thesis: 👇🏻🧵

[Ding-Fire-168 @Kenhui89]

More from China ahead of Trump’s Tariff?

[Ding-Fire-168 @Kenhui89]

Adding Year One Foundation for foreign students in collaboration with Kaplan can at least secure some revenues, while student satisfaction takes a lot of effort to achieve

[Ding-Fire-168 @Kenhui89]

It is actually more rewarding to lift up the rankings , at least more students and more funding can be secured

As to Student satisfaction,a vast majority of respondents won’t blast their frustrations in surveys Those already graduated probably will choose to remain in silence

[Ding-Fire-168 @Kenhui89]

It is actually more rewarding to lift up the rankings , at least more students and more funding can be secured

As to Student satisfaction,a vast majority of respondents won’t blast their frustrations in surveys Those already graduated probably will choose to remain in silence

[Ding-Fire-168 @Kenhui89]

Editorial: U of A cares more about rankings than its own students https://t.co/BbnShfOe2n via @@The_Gateway

The Uni has had an experience back in 2003

https://t.co/jzrroua7Kd

[Ding-Fire-168 @Kenhui89]

One natural guess is co-op opportunities are not that ample at UoAlberta, as perhaps circumstances outside the campus are force majeure

https://t.co/xmjeADztFc

[Ding-Fire-168 @Kenhui89]

Editorial: U of A cares more about rankings than its own students https://t.co/BbnShfOe2n via @@The_Gateway

The Uni has had an experience back in 2003

https://t.co/jzrroua7Kd

[Ding-Fire-168 @Kenhui89]

Guilted Age and Eugenics
Tech Bossy and MAGA
What a wonderful world

[Eugah Nai @eugah]

@gilduran76 @newrepublic Is this really new, though? In the Guilded Age you had crazy wealthy people who were into similar utopian, authoritarian or “scientific” ways of organizing society or “perfecting” humans. Eugenics arose in this time.

[Ding-Fire-168 @Kenhui89]

As Uranus/Jupiter conjunct Algol

[Ding-Fire-168 @Kenhui89]

https://t.co/g7u0CqxvGd

[The Diplomat @Diplomat_APAC]

Since 2017 when China first began issuing GECs, renewable energy generators have sold these certificates to subsidize their revenues from selling electricity. https://t.co/1WRFJKcDq3

[Ding-Fire-168 @Kenhui89]

Malaysia exports natural gas to Singapore and Gazprom exports ING to China

[Ding-Fire-168 @Kenhui89]

Marketing學術界嘅不死老喬Immortal Joe 即Philip Kolter 出新書講Immersive, Metaverse 市埸學

[Ding-Fire-168 @Kenhui89]

@pmboothe wrote ten years ago
https://t.co/3xwRADNPV6

And now Bloomberg tells us on the sharp decline of machinery stock per Canadian worker

[Ding-Fire-168 @Kenhui89]

Yale Interviewing @pmboothe

https://t.co/UgVvQA1Ji1

[Ding-Fire-168 @Kenhui89]

More freak
Benevolent leftard turns out to be villain

[Ding-Fire-168 @Kenhui89]

2024-7-15 and beyond?

甲辰-辛未-庚辰曰

甲為財，辛為劫

庚辰日
國印，十惡大敗，𣁽罡，流霞

鉄冠道人：
「一到庚辰民心開
刀光火海一齊來」

且看

[Ding-Fire-168 @Kenhui89]

買入英Royal Mail 日後未必有着數
https://t.co/IBRxW4mzYf