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'There Will Be Blood': JPMorgan Hikes Odds of Trump-Triggered Recession to 60%.
(www.commondreams.org)
this post was submitted on 04 Apr 2025
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The MAGA Nazis are fully embracing AI, and full automation is on its way. All the tech exists right now to fully automate every fast food outlet in America. The could have the supplies stored in robotic warehouses, robotically loaded into self-driving trucks, unloaded into the restaurants robotically, prepared robotically, and delivered to the customer, who ordered it on an app or kiosk. All without a single human touching it anywhere along the way.
Corporations will become wildly profitable with greatly reduced cost of labor and related labor issues (HR, benefits, discrimination, etc), but the additional result will be the loss of millions of entry level and unskilled jobs. These are the jobs where young people learn how to exist in the workplace, where households can have a second income, where people can become managers and make decent livings, etc. And that is only one industry. Every single industry will be impacted by automation and AI, with an enormous net loss of jobs, leading to a permanent unemployment rate in the double digits, possibly as high as 30-40%, or even higher. The impact on the government and our economy of the loss of income tax revenue from those lost jobs is a whole other conversation altogether.
What will happen to all those unemployed people? There seems to be only two solutions: Universal Basic Income, or reducing the population by the permanent unemployment rate. It's pretty predictable which solution each party would choose, and also pretty predictable how they would choose to accomplish their solution.
UBI is never going to come to the united states. Whats reasonably to going to happen is an uprising and the brutal suppression of it by the police state a la Tianenmen square style or even worse. US have done this against people of color multiple times in its history. This time others will join as well.
UBI is a variation on Trickle Up economics, which we know works well to stimulate the economy, because every time they've made money available to those at the bottom, like the Covid checks, the economy has boomed. The money will eventually end up in the hands of the wealthy anyway, but it will grease the cogs of the economy on the way. The only reason they want the money to go straight from the government to themselves is because they dont want the people getting used to not worrying about our bills. Worried people will accept more employment abuse.
Trickle Down is unsustainable, and reaching the end of it's run. If they dont get with the program, and start embracing Trickle Up solutions, the citizens are going introduce Robin Hood Economics - Rob from the rich, give to the poor - and they arent going to like that at all.
This assumes that the citizens are capable of fighting back against an armed state which protects the oligarchs. The monopoly of state on violence enforced by the personal cults of various billionaires will quench any chance of a revolution. Add to this the surveillance of means of organizing like sms, signal etc and you get a perfect police state under the control of few. The ideal solution would then be to eliminate the impoverished basic class and live off the land. The only disadvantage is probably the stunting of genetic lineages some generations after. So they might keep some of the impoverished around to make sure that they can keep the genetic pool diverse.
And as a source of replacement organs, tissues, and fluids when they reach advanced age. After all, they're stripping everything else for parts, who to say they'll stop just before putting poors under the knife to strip us for parts?
That too. It will just be like pigs or chicken now.