I think AI will lead to new kinds of jobs rather than eliminating work altogether. I don’t think it will cause mass unemployment or widespread depression. It isn’t fundamentally different from previous technology shifts. Like when we moved from horse and buggy to automobiles, telegrams to telephones, or telephone operators to computers.
People adapt and learn to use the new tools and adjust how they work. Work itself will still be needed. The current wave of layoffs in tech are these companies adjusting to these changes. They probably don’t need as many basic coders anymore, but they’ll eventually hire for new roles that are in demand. The people who are laid off will shift to other companies or different positions over time.
I think the private credit crisis is a bigger story than it’s currently being treated. I don't think it will trigger a 2008 type recession. But money is tied up in these markets and financial institutions are downplaying the risks. It might signal a correction ahead.
