The AI Layoff Trap: Collective Economic Suicide
Two researchers have published a peer-reviewed paper proving that people without paychecks tend to stop buying things. Groundbreaking stuff—next they'll discover gravity.
When Workers Become Code paycheques go to zero, and your beautifully optimised supply chain discovers there's no one left to buy a chocolate bar. The invisible hand just flipped you the bird.
Dial Automation Back From Societal Arson: Run the math, and a modest tax rate might dial automation back from societal arson to something resembling a campfire.
Demand is Flatter Than a Pancake: Every past automation panic eventually birthed new jobs. But the economists aren't buying it. They're worried about a future where aggregate demand is flatter than a pancake.
Conclusion: "The AI Layoff Trap" is essentially a polite academic way of saying that letting corporations automate without guardrails is like handing toddlers the keys to a candy store—short-term ecstasy, long-term vomit.
AI Trap or Crack On?
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@Michael22568778@TheSecretAcct No it’s called a productivity gain. The same quality standard is required but you achieve it using a machine. AI is a machine. A bit like a digger is a machine. Who’s going to win the company who shovels the dirt by hand or the one who uses a digger.