Is AI jobs impact the tip of the iceberg?

[JBR]

This post isn't about AI but is about job losses. I was just listening to the news, and they mentioned some "50" restaurants closing in the Dallas area. I don't know if I misunderstood, and I haven't seen this online. It hasn't been long since TGI Fridays and Red Lobster closed many locations nationwide. It doesn't surprise me when I see the prices. There are many things I have no choice but to pay more for these days. I don't have to eat out.

I think this is a good point. There's been a shake-up. So these are economic tough times. In some sectors, businesses' costs are rising. When consumer prices rise, and at the same time many jobs are lost, citizens adjust their spending habits. Reportedly, a fact of the current situation is reduced spending power among the middle class, and especially among people with a less than median-level income.

Smaller businesses often face hardship first. But another result can be that even big businesses can be impacted by the general trend. I'm not saying AI has nothing to do with the job losses, or that forecasts of the inevitably greater utilization of AI has nothing to do with job losses. But remember the cascading effect in the 2008/2009 recession? There was less money around, generally... and there wasn't so much AI around at that time.

 

[MACKTEXAS]

By the way, I've stopped using all my prescriptions! My health has improved dramatically. With AI in my Amazon Echo Shows all my medical needs have been satisfied. I'm 90 now and hope to live to 100. Without AI I would certainly die soon, With AI I will never call a doctor again!

In addition, I can ask my Amazon Echo Shows any question on history, politics, wars and everything else. They know EVERYTHING! They even know my name, my wife's name and my dog's name and breed!

I can see massive unemployment coming for the medical industry. They have already been replaced by AI!

I'm glad it's working out for you and you have an optimistic outlook.

AI may have a few difficulties doing things such as removing skin cancers on the Echo shows, not to mention surgeries, stents, etc.