• Onno (VK6FLAB)@lemmy.radio
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    15 hours ago

    Give it time. My software career is also affected. At the rate they’re spending money at an order of magnitude higher than they’re making. They’ve also all borrowed money from each other. It’s going to collapse in a big heap. Hopefully before it sucks in mum and dad investors.

    • Sentient Loom@sh.itjust.works
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      9 hours ago

      It’s going to collapse in a big heap

      Just like the housing market which the government bailed out at our expense. And housing prices continue to outpace salaries. There’s a strong possibility that this is a permanently-forced inefficiency.

      • benjirenji@slrpnk.net
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        18 minutes ago

        I’m not so sure. The AI hate in the general population is real. The fact that all these companies immediately claimed to replace all human labor within months, made them the enemy of the people, regardless how false these predictions were.

        Banks are not liked either, but they are not hated in the same way. At least in the general public a mortgage seems to be the responsibility of both parties. “So the banks speculated, we still need houses and mortgages.”

        I’m not so sure you can explain away the AI bubble that easily. Occupy Wallstreet will be a small affair in comparison.