I'm trying to not just think about myself being in the tech bubble and all, but a lot of what I've been seeing across many industries are people being laid off or unable to find work.
This includes software engineers in many of the recent layoffs, as well as artists, photographers, and animators I know who have had a significant drop in typical advertising work with the advent of AI. Many of them have switched to gig work like Uber or Doordash, which makes them considered "employed" in employment surveys.
I do understand why the "economy" might grow - reducing expenses while maintaining revenue can definitely do that, but I don't know how long something like this can be sustainable. Eventually you do need consumers to purchase things in the economy and not just circular financing of compute.
I wonder what the final end state is going to look like in a few years.
This includes software engineers in many of the recent layoffs, as well as artists, photographers, and animators I know who have had a significant drop in typical advertising work with the advent of AI. Many of them have switched to gig work like Uber or Doordash, which makes them considered "employed" in employment surveys.
I do understand why the "economy" might grow - reducing expenses while maintaining revenue can definitely do that, but I don't know how long something like this can be sustainable. Eventually you do need consumers to purchase things in the economy and not just circular financing of compute.
I wonder what the final end state is going to look like in a few years.