I understand the AI company boom because I believe they are going to kill entire industries, and vast swaths of human jobs.
The problem I have is, if so many people are out of work, how can the stock market continue to go up. There are going to be huge gains in unemployment, riots in the streets, etc...
Wouldn't that still cause the stock market to crash?
I understand these companies may be some of the only survivors, but if no one can afford to live anymore, what will the value of the stock be?
The problem I have is, if so many people are out of work, how can the stock market continue to go up. There are going to be huge gains in unemployment, riots in the streets, etc...
Wouldn't that still cause the stock market to crash?
I understand these companies may be some of the only survivors, but if no one can afford to live anymore, what will the value of the stock be?