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Money and Finances
Reply to "Does anyone else believe the impending financial crash will be bigger than 2008-2009?"
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[quote=Anonymous][quote=Anonymous]I don't know about a crash. I'm expecting more of a slide into the 1970s muck of stagnant growth, stubborn inflation and a labor market where available jobs did not align with the skills/locations of the un/underemployed. Tech and financial companies will consolidate and the winners will leverage AI to slash labor costs, monopolize markets and accumulate trillions in value. The 5% at the top will note that they never have had it better (true!). [/quote] The labor market impacts are hitting now. https://bsky.app/profile/atrupar.com/post/3m257r33ooa2d Disagree about the AI savings- that bubble is months away from bursting. Gonna be a wild ride folks.[/quote]
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