this post was submitted on 29 Jan 2026
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The job losses are real — but the AI excuse is fake (pivot-to-ai.com)
submitted 1 day ago by dgerard@awful.systems to c/techtakes@awful.systems
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Great Depression 2.0 gets under way

https://www.youtube.com/watch?v=YjHeTXoORzE&list=UU9rJrMVgcXTfa8xuMnbhAEA - video
https://pivottoai.libsyn.com/20260129-the-job-cuts-are-real-but-the-ai-excuse-is-fake - podcast

time: 9 min 32 sec

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[–] MNByChoice@midwest.social 11 points 1 day ago

In the USA, a lot of media is currently comparing the "AI Bubble" to the 2000's "Internet Bubble". It has been pointed out that no part of the current bubble is functioning like a bubble. People are not being hired, wages are not going up. Neighborhoods are not filled with suddenly wealthy people. A lot of the current build out will be useless in 5 years.