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Comment by sailfast | Hacker News Reader

“Unexpectedly” lol

We’ve been digging ourselves a giant AI-inflated hole in the economy for months and folks have just been playing musical chairs to grab as much money as possible before the music stops.

Hard to believe it’s taken this long. I never wanted to live through the late 70s / early 80s economically but I guess I’ll have my chance!

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I hate to break it to, you but AI is not the reason why the numbers are down. AI makes everyone productive - for every engineer that is laid off due to AI from big tech, that person still has skills that when coupled with AI makes them eligible for slightly lower paying job.

The reason the numbers are down should be pretty obvious.

Where is the evidence AI makes people more productive?

Are you denying that the current administration dumbfuckery is the sole reason for poor job markets?

No he's pretty clearly asking you for evidence that AI improves productivity.

Unexpectedly is because it's a big miss from the projected job numbers. If you felt like the expected numbers were obviously wrong for this month, you should have traded on that information.

How can you trade on projected jobs numbers? The stock market seems detached from macroeconomics anyway.

You could do it directly in the various gambling apps like Kalshi, or indirectly through other types of trades in the market.

Projected by people who have no idea?

If they're bad at it, you could become obscenely wealthy by betting against expectations.

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