A White-Collar Bloodbath Is Coming

[Texacon]

https://democraticunderground.com/100220350545

applegrove (126,155 posts)

Wed May 28, 2025, 07:43 PM
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A White-Collar Bloodbath Is Coming

A White-Collar Bloodbath Is Coming

May 28, 2025 at 8:07 am EDT By Taegan Goddard 164 Comments

https://politicalwire.com/2025/05/28/a-white-collar-bloodbath-is-coming/

The CEO of Anthropic, one of the world’s most powerful creators of artificial intelligence, said that AI could wipe out half of all entry-level white-collar jobs — and spike unemployment to 10-20% in the next one to five years, Axios reports.

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Applegrove:

I've been wondering why so much of MAGA policy results in death (anti vax for example, anti cancer research too, deaths of desperation) and now we know. Oligarchs need fewer people.

Uh oh ... I wonder if anyone is calling out political wire for calling for the deaths of half of the white collar workers?!

After looking over all the replies, nope, none of them are bashing political wire for calling for executions.  Wonder what has changed over there?  I thought using the term "bloodbath" was a really bad thing.

KC

[DUmpDiver]

Since AI is writing the resumes it should probably get the jobs too.

[SVPete]

mal should sue applegrove for violating her Absurd Prophecies copyright.

I'm so old I remember Jimmy Treybig's 1980s predictions that Tandem's computers would bring on the "Paperless Factory". Reality is significant improvements, courtesy of computers, but well short of paperless. As for Treybig's Tandem Computers, in 10 years it went from being an almost 2-billion-dollar company to being gobbled up by Compaq, which got gobbled up by HP, which has since gone from an innovator to a large self-gutted personal computers me-too. The moral of the -story: Take start-up entrepreneurs' self-promoting hype with a large block of salt.

[FlaGator]

Throughout history, one new technological advancement was predicted to destroy existing technologies, and everyone would be unemployed. At the same time, the new technology gave rise to new careers no one was expecting. The Industrial Revolution was going to kill agricultural jobs. Automation was going to destroy manual labor. The rise of IT was going to wipe out accounting jobs.

I suspect the rise of AI will create a new job market no one sees coming.

[DUmpDiver]

Throughout history, one new technological advancement was predicted to destroy existing technologies, and everyone would be unemployed. At the same time, the new technology gave rise to new careers no one was expecting. The Industrial Revolution was going to kill agricultural jobs. Automation was going to destroy manual labor. The rise of IT was going to wipe out accounting jobs.

I suspect the rise of AI will create a new job market no one sees coming.

Example: I remember when ATMs were going to destroy banking and lead to lots of unemployment. Never happened.

[SSG Snuggle Bunny]

I hear lots of construction and restaurant jobs are opening up because the traditional employee base is disappearing.

[SVPete]

This is not the recession you desire and seek.

Trump’s Economy is Roaring! Democrats Most Hurt.

https://pjmedia.com/matt-margolis/2025/05/30/trumps-economy-is-roaring-n4940299

The latest economic data proves once again that President Donald Trump's economic policies are delivering results for the American people, and you can bet the Democrats aren’t happy about it. The Commerce Department's April report shows inflation remaining well-controlled at 2.1% annually — the lowest rate of 2025 — even as Trump implements strategic trade measures to protect American interests.

Personal income surged an impressive 0.8%, dramatically outperforming expectations and showcasing how Trump's policies are putting more money in Americans' pockets. This isn't just a minor victory; it's a vindication of the president's economic vision that the liberal media keeps trying to discredit.
...
“We could talk about a lot of issues, but when you look at income for the first four months of the year, they're powerful numbers,” explains CNBC’s Rick Santelli. “Up six tenths in January*, up seven tenths in February, up a half of 1% last month, up eight tenths this month. This is a great four-month start to any year.
...
The personal savings rate jumped to 4.9%, the highest level in nearly a year, showing that Americans have more confidence in their financial future. Shelter costs rose just 0.4%, while food prices fell 0.3%, which is hardly the economic apocalypse that Trump's critics predicted. The president's masterful handling of both domestic and international economic policy continues to confound his detractors while delivering real benefits to the American people.

* LIEden was in office, sort of, during most of January 2025, of course.

[67 Rover]

Trump’s Economy is Roaring! Democrats Most Hurt.

Literally Hitler.

[ADsOutburst]

Oooh, I thought "bloodbath" was a bad word to Democrats. At least that's what they thought when Trump used it.