November jobs report: the latest ominous sign
June Zaccone
Yes, this headline is alarmist. But there are developments in play that demonstrate the society-destruction operation of AI, including on the level of human interaction. Admittedly, one vector of operation is long-standing, first outlined systematically in Karl Polanyi’s 1944 classic The Great Transformation: that the operation of capitalism has been destructive to the societies in which it operates. But that activity has been made tolerable by “reforms” that have blunted the most damaging effects and allowed for corrective and coping mechanisms to develop.....
Highlights from the Journal lead story, Spooked by AI and Layoffs, White-Collar Workers See Their Security Slip Away:
[If you can't access WSJ, use this link. Spooked by AI and layoffs, white-collar workers see their security slip away ]
Tuesday’s jobs report was the latest ominous sign in an era of big corporate layoff announcements and CEOs warning that AI will replace workers. The overall unemployment rate ticked up to 4.6%. Sectors with a lot of office workers, like information and financial activities, shed jobs in October and November.....