But I'm not saying the jobs lost by AI companies collapsing is gonna cause a recession, I'm saying the AI bubble collapsing, bringing down the stock market with it, will cause a recession and loss of jobs. 35% of the S&P is made up of stocks in the top 7 US tech firms. The stock market is extremely skewed towards these 7 firms, and a large part of their current evaulation is made up from speculation of potential AI returns. When the bubble bursts, everyone who is invested in these firms will feel it. As I said, the top 10% of Americans make up 50% of consumption, can't find a confirmation but I think that's the highest in modern history. If this 10% suddenly looses 30-40% of their wealth because a stock market crash, this consumption will be severely affected. They won't buy as many fancy goods, won't go on expensive vacations, in general will do much less. We can argue whether having a class of people like that benefits the economy or not, I'd say it doesn't, but the fact of the matter is that if the stock market were to crash because of AI companies, everyone is affected, because of how much money the 10% spend.
Redex68
I don't understand what your point is? I'm merely expanding on OP's question and stating the fact that the way things are currently, when the AI bubble bursts poor people will feel it the most. Trickle down economics doesn't work because if you give 100 bucks to a rich person, they'll spend like 5 of it. If you give it to a poor person, they'll spend all of it. But that has nothing to do with the fact that if the bubble bursts right now, poor people aren't going to somehow get any of that money. They will loose their jobs, because the economy slowed down and nobody is buying anything and their jobs aren't needed anymore. They will just suffer more and rich people will buy up their houses that they now have to sell at bargain prices.
I agree, but that's just another factor, and it will also cause the stock market to crash, among other things.
Also, the worst thing is he won't get American factories to be built. Maybe one or two, but no one in the right mind is going to relocate large amounts of manufacturing to the US when tariffs are coming in and out of effect all the time. Tariffs only work for increasing manufacturing if companies believe they will last a long time. If companies think a tariff will last a month or a year, there's no point in making a factory that will take two, three years to build and then five years to become net profitable, because by the time the factories finished and the tariffs are gone, everyone that still has a factory outside of the US will just out compeat that factory with lower prices.
You do realise that if 50% of consumption disappears then a lot of people from that 90% will loose their jobs as well. I don't care about the 10%, I also think the income inequality in the US is insane, but the fact is that if AI stocks tank right now, poor people will feel it as well (much more so than rich people, because they can't survive without a job and don't have wealth as a safety net)
One thing people didn't mention is that I'm pretty sure the top 10% of Americans by income make up 50% of consumption because of the heavily K shaped revovery that has happened. These Americans have a large percentage of their wealth in stocks, and if the stock market crashes, they will feel less wealthy and less willing to spend, decreasing their spending, tanking the US economy.
Ngl this is like YouTube is scared of Vimeo, they don't care at all. Lemmy is such a laughably small percentage of their user base that they probably couldn't care less.
Some do, have one that does it, was useful once because I locked myself out of the house and was able to reach in and open that door from the outside.
What do you mean by the mechanism is the other way around?
Same, this is the default in Croatia
I feel like it's a testing ground for new features for them, but not sure why some aren't yet integrated. Best guess: the PowerToys team has less red tape and checks to go through than the Windows team to allow for faster iteration, but that means that integrating the features wouldn't be just the click of a button since they'd have to adapt it to fit the Windows style. But this is just a wild guess.
Sure, I get the biology and technical aspect of it and I can understand that something could evolve whose atoms would move in such a way that it results in an object that is capable of responding dynamically to its roundings, plan and think. But for that collection of atoms to then result in this experience, I feel is extraordinarily exceptional.
I personally use Ente Auth and quite like it, don't use syncing and save an encrypted copy to my PC. I really like that you can see what the next code will be.