Great Depression 2.0 gets under way
https://www.youtube.com/watch?v=YjHeTXoORzE&list=UU9rJrMVgcXTfa8xuMnbhAEA - video
https://pivottoai.libsyn.com/20260129-the-job-cuts-are-real-but-the-ai-excuse-is-fake - podcast
time: 9 min 32 sec
Great Depression 2.0 gets under way
https://www.youtube.com/watch?v=YjHeTXoORzE&list=UU9rJrMVgcXTfa8xuMnbhAEA - video
https://pivottoai.libsyn.com/20260129-the-job-cuts-are-real-but-the-ai-excuse-is-fake - podcast
time: 9 min 32 sec
Just another recession. Don’t invoke depression - things are not nearly that bad.
They weren’t that bad just before 1929 either.
Also likely to be concentrated in the USA, whose government is helpfully screaming at the rest of the world “disconnect your economies and your IT systems from ust!” Most of us are busy doing that as fast as possible although it takes a while to get everyone on board.
its a very useful skill when reading the internet to learn to see when “in the US and UK” or “in SoCal and London” should be appended to a sentence. Once you see it you can’t unsee it.