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Comment by 1234letshaveatw | Hacker News Reader

Sloppy opinion piece. Stock market increases are bad because it makes rich people happy, but select US sectors are lagging behind Europe which is somehow also bad. Low immigration resulting in a labor force squeeze is bad, but this is offset by reduced demand because of AI, which is, you guessed it, also bad lol

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Stock market increases are bad if they are being put to something unprofitable, whuch AI seems to be. Lagging behind Europe is bad because the US loses its competitive advantage, which can become a vicious cycle and kill the sector entirely. Low immigration causing a labor force squeeze is bad because critical industries like farming have crops rot on the field, causing food waste. Reduced demand because of AI is bad because it lowers employment, causing people to become destitute, desperate, and/or dead.

None of this is contradictory.

Why is this sloppy. The author is not saying that AI is bad but that the current capital being invested in the UD is mostly betting on AI.

If you remove AI then what is left?

> If you remove AI then what is left?

I'll try again- if market increases are bad, why is it bad to lag behind certain sectors in he EU? (sidestepping the inconvenient truth for the author that a majority of Americans are invested in the stock market). If a shrinking labor market is bad, why are AI productivity gains bad?

It is bad because the market increases are all in one unproven area and if that doesn't work out, everything will crash.

Bad news sells, especially about leading people/companies/countries.

"${rich_guy} is doomed" will get more clicks than "poor people can now afford 5% more daily protein than last year".

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