Aged Like Milk

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A community dedicated to all those things in media and elsewhere that didn’t stand the test of time, at all.

founded 1 year ago

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Avenging5@sh.itjust.works

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they took our jobs! (feddit.org)

submitted 1 week ago* (last edited 1 week ago) by NichEherVielleicht@feddit.org to c/agedlikemilk@sh.itjust.works

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[–] IrateAnteater@sh.itjust.works 40 points 1 week ago

Nope. AI is shit, but this is not AI driven. The auto industry alone is responsible for a lot of this. The flip-flopping on tariffs has basically paralyzed investment. For reference, the auto industry runs on 5-7 year cycles. So every 7 years, most equipment is replaced or rebuilt. This is an enormous amount of economic activity on top of simply running the equipment. That process has all but stopped since Trump took office, and it's explicitly due to the tariffs.