@LayoffAI If Scam Altman's mouth is moving, he's lying ... just like a politician. These tech dude bros will say or do anything to make sure their IPO is a success. This is nothing more than a pump and dump AI bubble pop!
Megyn Kelly Says AI Companies Should Help Pay Down the National Debt
“They're the only ones who can afford it. They actually could get us out of this jam.”
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 ·
@CryptoCowboy_AU Yeah, build your own brand so the tech bros can beat you down with their algos. Build your own business so the goobermint can regulate and tax the hell out of you.
I've taken these chances and have gotten burned. No more!
@GeorgeGammon "Computation cost?! Bro, we gotta get rid of those employees, bro! We'll tell shareholders that #AI synergies will reduce labor costs and increase profits, bro! Our stock price will shoot up, bro!"
I can't wait until this bubble pops.