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The Roux Comes First

(2,389 posts)
1. I'd Want to Think That When or if They Collaborate After Getting 3 Out of 5 Correct on a Genius Test, and
Fri Jun 5, 2026, 11:53 AM
12 hrs ago

With their collective IQ proven to exceed 100, it will be unanimous that this particular swindle is well past its pull-date.

littlemissmartypants

(34,857 posts)
4. We have, according to the data, (cough, cough) employment stasis.
Fri Jun 5, 2026, 02:19 PM
9 hrs ago

So, hiring and firing in equal amounts. Nobody moves. It's like being held hostage.

nuxvomica

(14,313 posts)
5. Keep in mind AI is often a pretext for offshoring jobs
Fri Jun 5, 2026, 02:37 PM
9 hrs ago

The domestic jobs may disappear and corporate may say it's AI but the jobs could actually be offshored. I happened with my former employers' layoffs of technical staff and with a lot of major tech firms over the past two years. I'm not convinced AI is at the stage yet where it can replace so many jobs.

pat_k

(14,152 posts)
6. On America's all-in bet on AI: How Does the End Begin (Scott Galloway)
Fri Jun 5, 2026, 02:43 PM
9 hrs ago

Add the fragility of that "all-in" bet to the following and our economy is truly a house of cards. (IMO, the obscene concentration of wealth makes our economy even more fragile than the all-in bet on AI.)

If Mag 10 valuations are cut in half, the S&P and global markets would decline by 20% and 10%, respectively. In the U.S., the immediate impact would be felt by the wealthiest 10%, who own 87% of the stocks. Those households won’t struggle to pay their bills, but they may be the tail of the whip on the economy, as wealthy households have the luxury of decreasing their spending dramatically, vs. middle-class households, who spend the majority of their income on basics. If the top 10%, who account for half the consumer spending in the U.S., hit the brakes, the nation gets whiplash.


https://www.profgalloway.com/how-does-the-end-begin/
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