Great Depression 2.0 gets under way
https://www.youtube.com/watch?v=YjHeTXoORzE&list=UU9rJrMVgcXTfa8xuMnbhAEA - video
https://pivottoai.libsyn.com/20260129-the-job-cuts-are-real-but-the-ai-excuse-is-fake - podcast
time: 9 min 32 sec
Great Depression 2.0 gets under way
https://www.youtube.com/watch?v=YjHeTXoORzE&list=UU9rJrMVgcXTfa8xuMnbhAEA - video
https://pivottoai.libsyn.com/20260129-the-job-cuts-are-real-but-the-ai-excuse-is-fake - podcast
time: 9 min 32 sec
In the USA, a lot of media is currently comparing the “AI Bubble” to the 2000’s “Internet Bubble”. It has been pointed out that no part of the current bubble is functioning like a bubble. People are not being hired, wages are not going up. Neighborhoods are not filled with suddenly wealthy people. A lot of the current build out will be useless in 5 years.