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> We start to see unrest and/or riots against "the rich" because there are no jobs, and people are being evicted I am surprised this has not already happened. The combination of rampant inequality and lax gun laws (in some states) is very explosive.
> We start to see unrest and/or riots against "the rich" because there are no jobs, and people are being evicted I am surprised this has not already happened. The combination of rampant inequality and lax gun laws (in some states) is very explosive.
[1]: https://qz.com/tech-layoffs-tax-code-trump-section-174-micro...
Whats the rebuttal to UBI just causing massive inflation again?
I've never been a fan of UBI (and I'm often downvoted for that, ha ha). I like the idea of mandating an 18 hour work week or similar though. It still keeps the incentive to work — still rewards those who want to achieve more. One wonders though what impact that will have on society — so much additional free time. More television binging? I hope not.
Don't worry -- soon after that, there will be high demand for human coders as companies scramble to hire to rewrite all the buggy and vuln-ridden AI-hallucinated software. We're on the verge of two revolutions in tech, not one.
I wouldn’t bet on this
The reality is lots of software problems can’t be solved with the level of “intelligence” LLMs have. And if they could, it wouldn’t be just software in danger - it’d be every human profession. Even the physical ones, since AI would quickly figure out how to build machinery to automate those.
Referencing Marc Benioff making bold claims about AI isn't much evidence, he's pulling these numbers out of thin air. Despite claiming they won't hire software engineers in 2025, there are plenty of positions open at Salesforce for software engineers.
If it was just Marc Benioff preaching then it would indeed not deserve much attention. However, most big companies at this point have internal roadmap to reduce workforce by large amounts.
I’m just one consumer but due to inflation my spending is down massively. Also because of all the doom predictions. I’m saving way more money.
I’m sure this is slowing things down and as I said, because of the piece of eggs , I’m can’t be the only one spending less.
If you look at reality. Companies at the top of the revenue pyramid just don’t pay enough tax, and it’s borked everything.
Surprised he didn’t also mention US national debt and servicing it as interest rates rise.
> - Redistribution of wealth
We can talk about excessively wealthy individuals all day, but I'm pretty sure that most knowledge workers are not going to be on the receiving side of wealth redistribution. This is even more likely to be true for the programmers affected by these tech layoffs.
Don't worry -- soon after that, there will be high demand for human coders as companies scramble to hire to rewrite all the buggy and vuln-ridden AI-hallucinated software. We're on the verge of two revolutions in tech, not one.
AI code is only buggy if no-one is guiding or reviewing it
I'm not sure how long we'll need someone in the middle to actually review the code
> We start to see unrest and/or riots against "the rich" because there are no jobs, and people are being evicted
> Crime goes up significantly
Arguably once a good percentage of people become unhoused, we are no longer living in a fair society. IT SHOULD break down into violence. But then so say "Crime goes up significantly". What crime? There is no society where a crime can be defined.