this may be one of the early signs of a burst(besides the economy falling due to that one war i think?)
this post was submitted on 07 Mar 2026
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They fired people for AI, now they fire them without AI. Please tell me how they plan on sustaining an economy where only the 1% has discretionary income?
They don't need an economy. They need obedient workers
Control instead of trust, a problem as old as time. Trust would lead to prosperity, control, if not absolute, will always eventually fail - and it's never absolute.
I cannot wait for this bubble to finally burst.
It's gonna suck for the working class WAAAAAAAAAAAAAAAAY more than the people who will lose their fortunes as a result of the bubble popping
sorry
it always does
Michael Saylor, one of the biggest owners of one of the other "doesnt actually do anything" bubbles - Bitcoin - is a great example. He made a fortune during the dot com bubble.
With that said, if I have to eat hard tack and canned beans and use leftover charcoal from the park BBQ grills instead of toothpaste in order to never have another AI bullshit feature shoehorned into my existence, it might be worth it
Yes, I am well aware that we live under capitalism.
The big bubble. May it pop before we do.
Is it the first sign of a burst?
lol
Lmao, even
Sit
I was listening to a finance YT vid last night and the dude said if it wasn't for the enormous AI spend, the US would be deep in a technical recession now.
obviously the fault of immigrants and those on food stamps though /s
Those damn immigrants taking up all of the best landscaping, slaughterhouse, roof tarring, and crop picking jobs.
Ironically the only jobs that Anthropic and OpenAI claim AI won't take. All those newly minted AI billionaires and nobody to maintain their golf courses... How sad is that?
We are in a deep recession?
The enormous AI spend isn't going to me, or you, or anyone I ever met.
True, but line isn't going down yet.
Hahahahahahaha! inhale hahahahahaha!
It's happening!
(I might make a meme video featuring Bob Ross smiling in front of a nice greenery, while some nice music playing.)
If the banks don't see the value in it, it's only a matter of time
You should be able to sue companies for gambling away their employees' lives like that.
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Didn't see THAT coming, huh "oracle"?
Finally some good news.(Not for the late offs)
Sucks to be in tech right now. I'm sure there are still pockets of good employers with happy, confident worker bees, but those are few and far between as best I can tell.
Pretty much everybody I know and speak with regularly who is working in the tech industry or a tech role in general is feeling the strain.
Layoffs. Remaining employees have to pick up the additional workload of people who were laid off. Threats of future layoffs. Hiring freezes. Bonuses slashed or cut entirely. Little or no raises, not even cost of living increases. Demotions, in some cases. Expected to use LLMs to do things that LLMs have no business doing because management is clueless on the topic and expects everybody who is "good with computer" to be an AI expert. And the list goes on.
And then as already mentioned elsewhere, there are almost no true entry-level positions opening up, so new grads are really struggling to get established in the industry. It's particularly sad because this is so short-sighted and the negative impacts have the potential to be quite severe.
we already seeing the effects of fresh graduates from college, and those that are still in. i wonder if any more reports of universities having low enrollments is going to be too big to ignore.
Easy win for companies that didn't buy into the hype. I'm the only dedicated software dev at my company, so there was no middle manager to foolishly think a chat bot could do my job. We are a small company that can compete with big players, and those big players appear to be floundering. Now, we are expanding.
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