U.S. stocks are slipping as Wall Street questions whether the U.S. job market has slowed by just enough to get the Federal Reserve to cut interest rates to help the economy, or by so much that a downturn may be on the way.
The current US economy is completely dependent on two things. One: low unemployment and steady growth in available jobs. Two: AI getting a return on investment by replacing millions of jobs with computers.
And somehow we are still going about our business like this is totally normal and won’t blow up any second now.
The current US economy is completely dependent on two things. One: low unemployment and steady growth in available jobs. Two: AI getting a return on investment by replacing millions of jobs with computers.
And somehow we are still going about our business like this is totally normal and won’t blow up any second now.