Shasho
Oct 21, 3:38 AM
$CVNA $NVDA $PLTR $DELL $SPCX
Everyone is cheering AI integration into business, manufacturing, research, inventions, and service industries. I get it: AI can boost productivity, increase margins, and send corporate earnings soaring. The rich get richer while average workers risk losing their livelihoods.
But at what cost to society? If tens of millions lose their jobs and income, tax revenues will fall while government deficits and demands for assistance rise.
Here’s the million-dollar question: WHO WILL BUY ALL THOSE CORPORATIONS’ PRODUCTS, AND WITH WHAT MONEY? No job means no income, limited credit, and potentially no purchasing power. People still need to pay rent or mortgages, buy groceries, cover utilities, healthcare, childcare, and other necessities.
What happens to corporate earnings when consumers can no longer afford their products? And what happens to those insane stock market valuations when growth and profits fail to meet expectations?
DO YOU SEE THE CONTRADICTION?
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