But I'm not saying the jobs lost by AI companies collapsing is gonna cause a recession, I'm saying the AI bubble collapsing, bringing down the stock market with it, will cause a recession and loss of jobs. 35% of the S&P is made up of stocks in the top 7 US tech firms. The stock market is extremely skewed towards these 7 firms, and a large part of their current evaulation is made up from speculation of potential AI returns. When the bubble bursts, everyone who is invested in these firms will feel it. As I said, the top 10% of Americans make up 50% of consumption, can't find a confirmation but I think that's the highest in modern history. If this 10% suddenly looses 30-40% of their wealth because a stock market crash, this consumption will be severely affected. They won't buy as many fancy goods, won't go on expensive vacations, in general will do much less. We can argue whether having a class of people like that benefits the economy or not, I'd say it doesn't, but the fact of the matter is that if the stock market were to crash because of AI companies, everyone is affected, because of how much money the 10% spend.
Redex68
I don't understand what your point is? I'm merely expanding on OP's question and stating the fact that the way things are currently, when the AI bubble bursts poor people will feel it the most. Trickle down economics doesn't work because if you give 100 bucks to a rich person, they'll spend like 5 of it. If you give it to a poor person, they'll spend all of it. But that has nothing to do with the fact that if the bubble bursts right now, poor people aren't going to somehow get any of that money. They will loose their jobs, because the economy slowed down and nobody is buying anything and their jobs aren't needed anymore. They will just suffer more and rich people will buy up their houses that they now have to sell at bargain prices.
I agree, but that's just another factor, and it will also cause the stock market to crash, among other things.
Also, the worst thing is he won't get American factories to be built. Maybe one or two, but no one in the right mind is going to relocate large amounts of manufacturing to the US when tariffs are coming in and out of effect all the time. Tariffs only work for increasing manufacturing if companies believe they will last a long time. If companies think a tariff will last a month or a year, there's no point in making a factory that will take two, three years to build and then five years to become net profitable, because by the time the factories finished and the tariffs are gone, everyone that still has a factory outside of the US will just out compeat that factory with lower prices.
You do realise that if 50% of consumption disappears then a lot of people from that 90% will loose their jobs as well. I don't care about the 10%, I also think the income inequality in the US is insane, but the fact is that if AI stocks tank right now, poor people will feel it as well (much more so than rich people, because they can't survive without a job and don't have wealth as a safety net)
One thing people didn't mention is that I'm pretty sure the top 10% of Americans by income make up 50% of consumption because of the heavily K shaped revovery that has happened. These Americans have a large percentage of their wealth in stocks, and if the stock market crashes, they will feel less wealthy and less willing to spend, decreasing their spending, tanking the US economy.
Dumb phone features are about 5% of what I use on a daily basis on my phone.
I'm not quite sure I understood what you were talking about, but they specifically showed their revenues from YouTube AdSense for the past year or so, and they showed exactly how much they gained from each video, and it shows basically a straight line, whilst the same graph for viewers shows a substantial decrease. I'm not sure if that was specifically for LTT or for all of their channels, but I'm assuming it was just for LTT. That has no relation to them then splitting their revenues to their different channels.
He will look for answers literally anywhere, except for within.
The tech scene is just not as interesting anymore
He has literally publicly talked about this many times, he is very much aware of this fact and has stated that he's always looking for things that he can try and make interesting.
and the stuff he specifically covers is even less interesting. But the bigger issue is that everything LMG do is just corporate jank. It was fun when it was home garage jank, with 2 employees, but now it's just miserable and frustrating
On this part, I honestly don't quite get it. It's definitely a bit more corporate now, they are a 100 person company, but when it comes to the videos, I don't really see what else you'd want them to do? Sure they have some sponsored videos every now and then that are just showcases of a specific product, but even then I typically find them relatively interesting. And they still have a lot of videos where they're trying to build novel stuff and thinkering. Yeah, sure, it's typically on a higher level than what the average Joe would be capable of doing in their backyard, but I still feel like there's a place for it. Take one of the more recent videos, the one with the double-decker table. It's extremely cool to me, they took a regular table and a sit-to-stand desk, put one on top of the other, and made effectively two desks in one, one for gaming and one for a hobby. It's not something I'd build for myself, but it's a really fun concept.
The more interesting part for me, that they mentioned on the WAN show, is that while viewers dropped significantly, the revenue basically hasn't changed. They're more or less making the same amount of money from half the amount of reported viewers.
I mean, of all the things to cut off of them, Chrome made the least sense to me. It's not a profitable part of the business, it would just die if spun off. The only reason Firefox is alive is because Google is funding them. Plus changing what browser you use is much easier than some of the other monopolies they have (Android, ads, YouTube).
Again, Europe is far more densely populated than the US. The EU's population density is 106/km², the US is 37. The least dense country is Finland with 16/km², but they're a rich country with not a large population so it's not surprising for them to not have dial up. Runner up is Sweden with 24 but they are yet again a rich country. For context, there are 10 states in the US that have a smaller population density than Finland. Combine this with the US not having that good of public infrastructure because they mostly have private everything, I don't find it surprising at all that Europe doesn't have dial-up and the US does.
I personally use Ente Auth and quite like it, don't use syncing and save an encrypted copy to my PC. I really like that you can see what the next code will be.