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Reply to "AI has taken good paying, stable jobs"
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[quote=Anonymous][quote=Anonymous]Today, NVDA's market cap reached 5 Trillion dollars, there are a lot of people who have made tons of money off of NVDA, myself included. However, as I was reading the NVDA reddit forum, I was wondering that we have 2 classes now, one class of people who have the funds to invest in the market and make money and the others who not only can't participate in the stock market AI boom but also are losing their jobs to AI. The situation as it currently stands is unsustainable, I am not hearing any properly thought out arguments as to how do we plan to managing disruption to society on such a large scale. It's really the tale of two cities and that did not end well for the haves. I am a naturalized citizen, I left my country because middle class in America was solid and strong, it hurts me to see that what I left behind is now becoming the reality here. One one hand people are losing access to food stamps or losing jobs, on the other hand people making lots of money in stock market or in other recession proof careers, the gap is widening and it's heartbreaking. Americans elected to put billionaires in charge of the economy and their future, what could go wrong? [/quote] I’m a US citizen who spend the first part of my life in a country with an incredibly large and strong middle class… it’s been sad for me to see the U.S. killing its middle class off. The masses of the poor and very poor are increasing. Millions are one or two paychecks away from a food bank. Meanwhile there are no limits for the well off, also a very large group. We have extravagant and expensive places, and people are paying for it, they have made so much money over the last decade. The forward march of AI, and robotics, the inability to leverage debt like in the past, and the increasing exclusion of the middle class from higher education is already here. The biggest tax burden is shouldered by the middle class, too, and that situation is worsening in many localities. Soon it is just going to be the poor and the rich. It’s not looking good, and I’m honestly not sure what can be done, and doubtful the will is there for a drastic change of course - that’s what it would take to save the middle class. [/quote]
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