“The president single-handedly wiped out Americans’ retirement savings overnight and subjected businesses to intense whiplash with his increasingly erratic and chaotic policies that continue to drive consumer and business uncertainty.”

  • @ansiz@lemmy.world
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    753 months ago

    Even if Trump removes every tariff a recession is almost certainly coming. Short to longer term planning, hiring, building, etc will certainly slow down and that kind of things is widespread. People lose jobs, people don’t get hired, people choose not to start a business or invest money in the USA, etc.

    • @barneypiccolo@lemm.ee
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      113 months ago

      The MAGA Nazis are fully embracing AI, and full automation is on its way. All the tech exists right now to fully automate every fast food outlet in America. The could have the supplies stored in robotic warehouses, robotically loaded into self-driving trucks, unloaded into the restaurants robotically, prepared robotically, and delivered to the customer, who ordered it on an app or kiosk. All without a single human touching it anywhere along the way.

      Corporations will become wildly profitable with greatly reduced cost of labor and related labor issues (HR, benefits, discrimination, etc), but the additional result will be the loss of millions of entry level and unskilled jobs. These are the jobs where young people learn how to exist in the workplace, where households can have a second income, where people can become managers and make decent livings, etc. And that is only one industry. Every single industry will be impacted by automation and AI, with an enormous net loss of jobs, leading to a permanent unemployment rate in the double digits, possibly as high as 30-40%, or even higher. The impact on the government and our economy of the loss of income tax revenue from those lost jobs is a whole other conversation altogether.

      What will happen to all those unemployed people? There seems to be only two solutions: Universal Basic Income, or reducing the population by the permanent unemployment rate. It’s pretty predictable which solution each party would choose, and also pretty predictable how they would choose to accomplish their solution.

        • @Pestilence@feddit.org
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          23 months ago

          And people will have money, If they take a credit and work for less, then an AI would cost, to have enough for the pay the credit card interests.

      • @seeigel@feddit.org
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        103 months ago

        Not to forget the ability to let middle management go when there are no workers to be managed as well as the people for low level optimization and planning.

        This is a major thing and the reactions are unfortunately downvotes.

        • @barneypiccolo@lemm.ee
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          3 months ago

          The ripple effects will be huge, and touch every industry and every citizen.

          I’ll gladly take the downvotes if it gets people thinking about the reality of the future the Sociopathic Oligarchs have planned for us.

        • @CharlesDarwin@lemmy.world
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          23 months ago

          Companies are drooling at the prospect of replacing workers - it was several years ago when I attended a talk that was about how mining companies are seeking to automate all of it - this around the time when people like donvict were talking up coal-mining jobs and of course the magoffs piled on - if people looking to prop up that industry think it will result in lots of good-paying jobs with dignity, I have a bridge to sell them.

          And that’s just one instance…

      • Boomer Humor Doomergod
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        33 months ago

        To put this in terms Civ VI players will understand:

        MAGA wants a synthetic technocracy

        If Europe follows the Estonian model it will be a digital democracy.

        China is doing optimization imperative.

        • @Fluke@lemm.ee
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          2 months ago

          No, no, and thrice no.

          Technocracy implies a ruling elite of experts in their field, individuals with actual learning and genuine expertise in their given fields.

          This is fascist plutocracyb government by the hyper-rich with no more qualifications than “I have no morals and am willing to climb over others’ faces while wearing steel spikes to get yet more.”

          There is a world of difference.

        • @barneypiccolo@lemm.ee
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          43 months ago

          A lot of Americans can’t handle the truth. They better start facing it, though, because its going to get a lot worse before it gets better. It’s almost certainly going to close in on Great Depression territory, but whats really scary is that we stand a reasonable chance of reaching Nazi Germany/ Final Solution territory. These people are not only capable of it, but they have been promoting it for years. They lie about a lot of stuff, but Ive learned to take them at their word on things like this.

          • @obvs@lemmy.world
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            2 months ago

            The possibility of a situation like this is why people never succeeded in repealing the second amendment.

            And whether or not we agreed with that fact, it is likely to have some effect on the situation now.

            • @barneypiccolo@lemm.ee
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              12 months ago

              The 2nd Amendment exists for the exact situation we are in today. A literal traitor has manipulated our society to rise to the top and take control for his own nefarious purposes.

              The Founding Fathers foresaw that possibility, and baked the solution into our government, making it second only behind Freedom of Speech and Freedom from Religion.