Fintech company Block lays off 4,000 of its 10,000 staff, citing gains from AI

[patphil]

2. The cost of AI is paid by the workers fired.

And the rich get richer.
The rest of us don't.

I thought I'd add what I feel is really going on here.
AI will result in massive job losses across the white and blue collar sectors over the next 10 years or so. Many millions of jobs will be lost.
So, what are these unemployed workers going to do?
The immigrants have to go to make room for all these US citizens who are losing their jobs to AI.
We're going to be forced to do the jobs the immigrants are now doing...either that or go homeless and hungry.

The long term republican plan is to create a new American society. It will consist of a couple million rich folks who rule the nation, plus a overseer class of several million enforcers who will keep the rest of us in line.
We, the overwhelming majority of Americans, will being re-cast as the new American Serfs. We will exist to serve the rich, and will be cast aside when we can no longer work.

This is the republican view of the future as I see it.