Comment on Everyday AI looks more like the '08 housing bubble

• Knock_Knock_Lemmy_In@lemmy.world ⁨1⁩ ⁨month⁩ ago

  I call bullshit. You are white knighting the poor to protect your own ass.

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  • boonhet@sopuli.xyz ⁨1⁩ ⁨month⁩ ago

    No, actually when people stop buying things and companies close down, I’m pretty sure the employees of said companies lose their jobs.

    It sucks but that’s capitalism for you.

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    • Knock_Knock_Lemmy_In@lemmy.world ⁨1⁩ ⁨month⁩ ago

      But if AI pops then that doesn’t mean that people will stop buying things.

      Very few people are employed by the AI industry. Most people’s income won’t change. Most people’s consumption won’t change.

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      • boonhet@sopuli.xyz ⁨1⁩ ⁨month⁩ ago

        Poor people don’t have money to spend on much else than food and housing. Anyone with money is going to have stocks in these companies.

        Also the AI industry is Microsoft, Meta, Google, Nvidia, AMD and a few others. They employ quite a few people.

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    • Lucelu2@lemmy.zip ⁨1⁩ ⁨month⁩ ago

      The best thing us poors in the US can do is eliminate our consumer debt, pay it off or do a bankruptcy and pray(hope really hard and vote) we do get a president who can effectively forgive student debt. This means no spending, strict budgeting and eliminating any and all subs, discount phone, etc. If you are already there, getting more paid work if possible.

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