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.
Comment on Everyday AI looks more like the '08 housing bubble
boonhet@sopuli.xyz 10 hours agoNo, 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.
Lucelu2@lemmy.zip 9 hours ago
Knock_Knock_Lemmy_In@lemmy.world 10 hours 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.
boonhet@sopuli.xyz 5 hours 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.