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Other forces that contribute to the "AI is taking our jobs" narrative:

- Layoffs due to insufficient demand in uncertain economic times

- Companies selling AI need to claim "we are so great with AI we don't need as many people." Layoffs unlock AI budgets.

- It justifies all the capital allocation into AI.

- Companies in the AI industry shock the government into learned helplessness, so they can write policy that is on their terms.

What am I missing?

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Yeah if anything this recession feels demand driven rather than labor replacement driven. Nobody wants to do capex or buy things when everyone is telling them they're going to get replaced with jpeg-for-text so they aren't. As a result most of the economy isn't moving particularly fast with the exception of people buying up the entire worlds supply of silicon and driving up prices on increasingly essential hardware. So we have stagnation and inflation all in one but from the dumbest possible source.

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