@shanaka86 @sethriklin Jobs will be created but there is no denying a lull right now. More capital to create new things. The psychology of humans is that if we aren't growing but staying the same it is viewed negatively. The gov budget cannot afford UBI and the only person that can be trusted to get

@maddb3457 @sethriklin True there will be tough times ahead for many folks.. do you think the crime rate will go up?

@shanaka86 the robots didn’t take our jobs overnight. we trained them, promoted them, and now they’re sending the layoff emails.

@uniwalletpay UBI next?

@shanaka86 Well UBI certainly isn’t the answer.

@WvSmith What would you propose … serious question …

@shanaka86 I remember Andrew Yang campaigning on this exact issue back in 2016 and said it was already too late to wake up and do something. Here we are 10 years later and nothing is being done. People are not ready!

@equityvortex True! People are yet to realize what’s in the menu

@shanaka86 Did Amazon hire any people after 2023? I’m willing to bet they did. This is normal business. Just a bigger scale. They are trimming the fat. They will probably re-hire many of them.

@shanaka86 End H1B’s and outsourcing.

@shanaka86 This will be a temporary situation and people will adjust to work with new realities and work skills. But what’s concerning is for countries like India who were purely capatalisong on cheap work force. Countries like US who were short of man power will now be able to be self

@shanaka86 You are quite dramatic. Fear mongering. New opportunities are presenting itself.

@shanaka86 The idea of UBI is completely and totally untenable. Providing all the basic needs and more for people, without them having to earn any of it in any way, leads to meaningless lives that eventually fade into the void. People need purpose While I understand how the idea of UBI

@shanaka86 Stop panicking. Everything will be okay.

@shanaka86 Meanwhile, every blue collar trade crew I hire struggles to find reliable workers--for jobs getting >$40 hr, not easily replaced by AI/automation. If a person has the kind of work ethic that was standard 20 yrs ago, there is no real shortage of jobs providing livable income.

@shanaka86 I got moved from Arlington to Seattle and was laid off shortly after. I just got rehired in Arlington again. I wonder what’s in store for me!

@shanaka86 The only thing good about this is the loss of HR. HR has become an out-of-control monster over last several decades. Let go back to small office called "Personnel"

@shanaka86 If Amazon can stop the AI spending they can easily survive and thrive because they have a good business model and customers. If they keep adding more hardware which will be so redundant and depreciates so fast it wouldn't do any good to them.

@shanaka86 Weren't ready for? How do you not see what's coming & is here now??

@shanaka86 The government leaders who don't value human life will shrink the economy by disposing of unnecessary peasants. Haven't you seen history? It's pretty simple what happens next. There won't be a UBI, there will genocide.

@shanaka86 @HSmith24993512 Sounds like 30,000 fewer @amazon customers to me. What happens when people can’t or won’t afford Prime? We need far more than 30,000 people to cancel anyway.

@shanaka86 AI is here and its scale will make your head spin. Robots are lagging a little but within a decade they will be everywhere.

@shanaka86 Right now, it's a race to be first. Soon after that, it's a race to the bottom. AI might end up killing itself in a capitalistic society if there's no economic demand. I personally think once the dust settles, it will be AI + humans, not just AI running businesses.

@shanaka86 Then why are we allowing more and more foreign tech workers in every year through h-1b visas? Why hasn't Trump ended the program?

@shanaka86 UBI is not the cure. It is poison that distorts incentives and inflates the money supply or dilutes the purchasing power of existing currency.

@shanaka86 There are two takes on this. First is the one you mentioned. Ai is and will replace more and more jobs. Second is the elephant in the room. Is the economy doing that well? Yes numbers and earnings are good. But it is not the case in all sectors. While spx is pulled up by Ai tech,

@shanaka86 We need to be asking fundamental questions: 'why do humans need job'. And work the answer way up.

@shanaka86 Great thread

@shanaka86 Imagine thinking "HR professionals" and "Managers" were safe jobs. They were always made up email jobs that were effectively pats on the back for low quality white collar people who paid for education beyond necessity. Getting rid of those jobs is a good thing.

@shanaka86 Not UBI, but UHI, Universal High Income ! Enough money for couple of nice cars, large house and a couple of nice vacations per year. Ofcourse plenty for day to day expenses. Else there will be Robot-Human wars !

@shanaka86 Only way companies will learn the lesson is by realising their customers are gone. Most the laid off ppl will stop buying even many necessities will surely stop buying good to have things. They are realising it so they made streaming platforms show ads even to prime customers.