AI Decimates Jobs, Wall Street Cheers 'Efficiency'
According to Axios, the U.S. economy is 'growing strongly' due to 'unfathomable spending' on AI, but don't bother looking for a job. Amazon, Target, and Paramount are reportedly shedding 'thousands' of corporate positions, roles 'most easily displaced' by AI. This isn't just about 'technology'; it's about quarterly earnings and corporate dominance. The silence on how Congress, heavily influenced
by corporate lobbying — for example, Amazon spent over $19 million on lobbying in 2023 ( OpenSecrets.org ) — facilitates this 'efficiency' through favorable tax codes or deregulations, is deafening. So, while CEOs like JPMorgan's CFO proudly admit to a 'strong bias against' hiring (Axios), one might wonder if this 'economic growth' is designed to benefit anyone beyond the C-suite and their
perpetually soaring stock values. How many more 'innovations' will we cheer before the 'white-collar AI bloodbath' becomes a systemic crisis for everyone else?