The impact of Artificial Intelligence on the economy is heating up as AI begins to seep from its original killer app of cheating on college essays and porn. According to layoff firm Challenger, Gray & Christmas, in the last year, AI has accounted for one in ten layoffs in the tech sector and one in 50 layoffs overall. On the other hand, if it’s hard to create new jobs, think Detroit in the 1970’s. A hellscape. The old jobs are gone, nothing to replace them. Minimum wage at best, riots over universal basic income at worst. https://activistpost.com/2024/12/will-ai-cause-mass-deflation.html