From the article
"The analysts pointed out that job growth outside the healthcare industry has turned negative in recent months"
SS. GOLDMAN SACHS says the economy will continue to grow even as the number of jobs decrease. They frame it as a positive, because it will help control inflation. If no one has money to buy stuff, the costs of goods go down. Goldman is now telling investors to prepare for a future where the economy grows, but the workforce shrinks. Where does that leave us?
Posted by Big-Masterpiece88
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From the article
“The analysts pointed out that job growth outside the healthcare industry has turned negative in recent months”
SS. GOLDMAN SACHS says the economy will continue to grow even as the number of jobs decrease. They frame it as a positive, because it will help control inflation. If no one has money to buy stuff, the costs of goods go down. Goldman is now telling investors to prepare for a future where the economy grows, but the workforce shrinks. Where does that leave us?
What’s another word for “growth”?
Oh yes, “cancer”.
Maybe old Karl Marx was right after all
As AI takes over and more jobs are lost, what’s the plan really? Hundreds of millions of people out of work? What are the incompetent congress doing about it? Do they have a plan or just sticking their head in the sand?
Companies aren’t even paying people a living wage now, why would we expect the gluttons to pay people when AI is doing all of the work? Shit will go south quick.