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chobeat@lemmy.ml to Technology@lemmy.worldEnglish · 1 day ago

The AI bubble is so big it's propping up the US economy (for now)

www.bloodinthemachine.com

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  • cross-posted to:
  • technology@lemmy.zip
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The AI bubble is so big it's propping up the US economy (for now)

www.bloodinthemachine.com

chobeat@lemmy.ml to Technology@lemmy.worldEnglish · 1 day ago
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86
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  • cross-posted to:
  • technology@lemmy.zip
Plus how American professors are fighting back against the AI onslaught, a backlash over AI models in Vogue, and more.
  • Dr. Moose@lemmy.world
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    14 hours ago

    people can barely afford food, housing, and transporation as it is.

    Citation needed. The doomerism in this thread is so cringe.

    • WhirlpoolBrewer@lemmings.world
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      13 hours ago

      62% of Americans are living paycheck to paycheck. Perhaps saying most Americans are struggling is doomerism, but what percentage living paycheck to paycheck no longer counts as doomerism and is just a harsh truth? 75%? 90%? Do you think the number of people living paycheck to paycheck is increasing or decreasing this year?

      https://econofact.org/factbrief/is-there-a-consensus-that-a-majority-of-americans-are-living-paycheck-to-paycheck#%3A~%3Atext=While+one+survey+by+LendingClub%2Cspending%3B+62%25+answered+yes.

      • Dr. Moose@lemmy.world
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        6 hours ago

        You know the world is not america right?

    • Frezik@lemmy.blahaj.zone
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      14 hours ago

      People are increasingly taking out loans to buy groceries. Nobody does that if they have a better choice.

      You demand citations for this, something that has been extensively covered in the news, but also throw around arguments like “absolutely inflated but it’s definitely real value” and “we’re way past the point of tech bubbles popping”. Who is cringe here?

      • Dr. Moose@lemmy.world
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        6 hours ago

        Americans are not all people. Its a single country that still buys out all Nintendo switches and cyrbertrucks - so maybe if americans had budgeting classes they wouldn’t take payday loans for twinkies? The conjecture here is just mind bogglingly stupid.

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