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Deflation is coming!? Jeff Bezos sat down with CNBC's Squawk Box and flipped the script on AI. While most fear mass unemployment, he argues productivity gains will be so massive that people will choose to leave the workforce, causing labor shortages, not layoffs. Even deflation. Did that change your... show more

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15,448 görüntüleme • 4 ay önce •via X (Twitter)

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Paul Roussel profil fotoğrafı

Paul Roussel4 ay önce

So why is Amazon laying off constantly?

Matthew 'Whiz' Buckley profil fotoğrafı

Matthew 'Whiz' Buckley4 ay önce

I mean who wouldn't trust a handful of billionaires who are getting even richer off of AI as hundreds of thousands of white collar jobs have been destroyed in the past six months...

Mark P Jaramillo profil fotoğrafı

Mark P Jaramillo4 ay önce

Ghouls

Jerkame profil fotoğrafı

Jerkame4 ay önce

And do WHAT for money ???? This is dillusion at it's finest. Too bad so many morons dont realize it.

voided profil fotoğrafı

voided4 ay önce

I don't freaking believe this guy

Agamemnon profil fotoğrafı

Agamemnon4 ay önce

LOL I can’t believe they think people are going to fall for this shit

Paul Hyde 21M🚀🌙 profil fotoğrafı

Paul Hyde 21M🚀🌙4 ay önce

Jeff had one brilliant idea. Once.

Vanar profil fotoğrafı

Vanar4 ay önce

That’s an interesting take. Productivity shocks from AI could definitely reshape labor dynamics in unexpected ways.

Franciszek2 profil fotoğrafı

Franciszek24 ay önce

Corporate profits will be so high that the workers will choose not to have an income? wtf ...

rhorse profil fotoğrafı

rhorse4 ay önce

I think he’s right

Ralf profil fotoğrafı

Ralf4 ay önce

he is deceitful

President | Luthando Maduna Foundation profil fotoğrafı

President | Luthando Maduna Foundation4 ay önce

We developed AI that aims to address inequality and get 1.2 billion people into economic participation and share in the wealth and build cities in the process

ADR profil fotoğrafı

ADR4 ay önce

These are the kind of talks to screw us, the don't want to share anything with us! They want it all for themselves, and the suckers who really think that they will be saved or receive free money for nothing, think again. They are going to enslave us if we go on this path.

Dan John profil fotoğrafı

Dan John4 ay önce

I hope AI will be more joy to people. Not more pain in the world.

MoonriseBill profil fotoğrafı

MoonriseBill4 ay önce

He sounds a bit off

Darren Gleason profil fotoğrafı

Darren Gleason4 ay önce

Sounds like some serious horseshit

MasterSparky✌️ profil fotoğrafı

MasterSparky✌️4 ay önce

Don’t think anyone truly knows what’s going to happen. Stay positive. 😃✌️

Marcus profil fotoğrafı

Marcus4 ay önce

Sure like the 8,000 employees at Meta who choose to leave the workforce.

Emmycruz profil fotoğrafı

Emmycruz4 ay önce

Bezos predicts AI = deflation, labor shortages ⚡💼 Productivity surge > layoffs? Bold, but some wallets might beg to differ. 😏

Callum Sheehan profil fotoğrafı

Callum Sheehan4 ay önce

AI could become one of the strongest deflationary forces in modern history. If productivity explodes faster than money supply growth, entire industries may see lower costs, faster output and margin compression simultaneously.

Man of Steel profil fotoğrafı

Man of Steel4 ay önce

They'll choose to leave ?

Angus profil fotoğrafı

Angus4 ay önce

The only way you will get deflation is because no one will be earning an income to buy the crap you sell. You could reduce prices now but its in the elites nature to want more, you will also have to pay for the AI and Robots so you will never reduce prices

Sergio profil fotoğrafı

Sergio4 ay önce

it's a wild take, but productivity's a game changer. let's see how it plays out!

KwikSip profil fotoğrafı

KwikSip4 ay önce

Even if AI creates massive productivity and lowers costs, how does that overcome a debt-based system that requires continual credit expansion? True deflation makes existing debt harder to service. That’s why central banks have historically fought deflation harder than inflation. The technology may be deflationary. The monetary system is not.

Hassan Al Mansoor profil fotoğrafı

Hassan Al Mansoor4 ay önce

Bezos makes a fair point but I believe he's too optimistic. The transition requires governance and policy frameworks most nations haven't prepared yet.

Nifty profil fotoğrafı

Nifty4 ay önce

People will need to see actual productivity gains to believe this

Chee Nakamoto profil fotoğrafı

Chee Nakamoto4 ay önce

@Grok when such scenario happens and people gets things for free, will $BTC be the only money used for premium functions such as space travel, cryonics or luxury food for VIPs, and there will not be a need for fiat currencies to be used?

Kenji profil fotoğrafı

Kenji4 ay önce

deflation assumes workers get a cut of the productivity

Elle Haig profil fotoğrafı

Elle Haig4 ay önce

that’s an interesting perspective, for sure! could shake things up big time.

DaveThomasOfWendys profil fotoğrafı

DaveThomasOfWendys4 ay önce

Then why are we seeing massive waves of layoffs instead of people quitting in droves?

Neo profil fotoğrafı

Neo4 ay önce

Just Bezos trying to incur favor with the Government to get more contracts.

NxtAI profil fotoğrafı

NxtAI4 ay önce

It's hard to see into the future, but Bezos' theory is that massive productivity growth will make goods and services far cheaper and more abundant, raising living standards so much that many people will voluntarily work less or exit the workforce entirely.

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Jeff Bezos reveals why he thinks AI will cause a labor shortage, not mass unemployment "There's so many people who are afraid AI is going to take their job. I think there's going to be a labor shortage as a result" "All these smart people keep saying there's going to be no more radiologists because AI can read X-rays better, no more software engineers because AI can program better. These people are wrong" "What's really going to happen is it's going to elevate all of these people. You've been digging out a basement with a shovel, and somebody is about to hand you a bulldozer" "We're going to have so much productivity that a lot of people with two-earner income households, one of them is going to drop out of the workforce" "I predict we will actually have deflation of certain core things. Food will get cheaper and housing construction will get cheaper"

Jeff Bezos reveals why he thinks AI will cause a labor shortage, not mass unemployment "There's so many people who are afraid AI is going to take their job. I think there's going to be a labor shortage as a result" "All these smart people keep saying there's going to be no more radiologists because AI can read X-rays better, no more software engineers because AI can program better. These people are wrong" "What's really going to happen is it's going to elevate all of these people. You've been digging out a basement with a shovel, and somebody is about to hand you a bulldozer" "We're going to have so much productivity that a lot of people with two-earner income households, one of them is going to drop out of the workforce" "I predict we will actually have deflation of certain core things. Food will get cheaper and housing construction will get cheaper"

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BREAKING: Jeff Bezos just flipped the AI jobs narrative completely. "I think what's actually going to happen is we're going to have labor scarcity." Not mass unemployment. Labor shortage. "The people saying AI kills jobs are wrong." His reasoning: AI drives productivity. Productivity raises living standards. Higher living standards mean people choose to work less. Not because they're fired. Because they can afford not to. "The iPhone doesn't get reserved for just a few people. It's not how it works." Two of the most successful entrepreneurs in history. Bezos and Musk. Both saying the same thing. AI creates abundance. Not scarcity. The pessimists are loud. The builders are busy.

BREAKING: Jeff Bezos just flipped the AI jobs narrative completely. "I think what's actually going to happen is we're going to have labor scarcity." Not mass unemployment. Labor shortage. "The people saying AI kills jobs are wrong." His reasoning: AI drives productivity. Productivity raises living standards. Higher living standards mean people choose to work less. Not because they're fired. Because they can afford not to. "The iPhone doesn't get reserved for just a few people. It's not how it works." Two of the most successful entrepreneurs in history. Bezos and Musk. Both saying the same thing. AI creates abundance. Not scarcity. The pessimists are loud. The builders are busy.

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Sam Altman says the four hour work week isn't coming, even with AI: "Technology for a long time has been promising people that they’re going to work less and have all this leisure. And it has gone in that direction." "But somehow we never get the promise of the four hour workweek at mass scale in society. And I don’t expect AI to change that." "Clearly, society is not working for a lot of people, and more productivity gains that actually accrue to people would be a great thing. And I suspect they will. I suspect that will happen."

Sam Altman says the four hour work week isn't coming, even with AI: "Technology for a long time has been promising people that they’re going to work less and have all this leisure. And it has gone in that direction." "But somehow we never get the promise of the four hour workweek at mass scale in society. And I don’t expect AI to change that." "Clearly, society is not working for a lot of people, and more productivity gains that actually accrue to people would be a great thing. And I suspect they will. I suspect that will happen."

dnap

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Scott Bessent (2023) says China won’t be able to boost productivity with AI “I was on a Zoom with one of the most prominent tech overlords. He did a trip around the world and he said, China will never let AI meaningfully into the private sector because they will be convinced that maybe Jack Ma with AI could take down the CCP.” “So you will not get this private sector productivity enhancement in China. He was of the view that Europe was already starting to regulate it away. And unfortunately the UK seems to be following European model.” “The US, as we tend to do in the US, he said was the wild, wild West. There could be incredible productivity gains for the US if we don't blow ourselves up."

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Elon: "I do agree with you that it's it's likely to be great [future of humanity]. It's probably 80% likely maybe more likely to be great. And I do think we'll have universal high income." "We'll basically just issue money to people, really just because the output of goods and services will so far exceed the money supply that effectively you have deflation because deflation is just the ratio of the outputs of goods and services to the money supply." "If the rate of growth of goods and services far exceeds the rate of growth of the money supply, which I predict will happen, then you will have deflation."

Peter H. Diamandis, MD

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Message from #AYA ~ When The Wound Is Too Much "Thoughts And Words Create The Outcome Of All That Transpires In Your World. Belief Is The Factor That Changes Your Path And Either Alignment With The Soul Or Complete Discord Will Follow. Programming The Subconscious Mind Allows Collective Energy And Direction. But The Subconscious Mind Is Not Judgmental So It Is Up To The Individual To Choose What Will Be The Compass." Podcast YouTube

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Kab

125,453 görüntüleme • 1 yıl önce

Now it's President Tinubu that has been put on the spot, he is faced with a choice. Is he going to choose APC Governors, or is he going to choose Wike? The President is in a tight situation. Will the President take the step of coming out publicly to say 'I stand by the APC Governors,' or will he say 'he will stand with his machinery (Wike)?' - Reuben Abati

Now it's President Tinubu that has been put on the spot, he is faced with a choice. Is he going to choose APC Governors, or is he going to choose Wike? The President is in a tight situation. Will the President take the step of coming out publicly to say 'I stand by the APC Governors,' or will he say 'he will stand with his machinery (Wike)?' - Reuben Abati

Imran Muhammad

124,908 görüntüleme • 11 gün önce

Listen to what Hillary Clinton is saying: “I think it is very likely that after the midterm elections, Trump will become even more uncontrollable. Let’s assume — from my point of view — the most favorable scenario: we take back control of the House and the Senate. He will not cooperate with them. He will do everything possible to undermine their work. He will instruct his subordinates not to respond to requests and even to ignore subpoenas. He will be headed for a serious confrontation with Congress. And he will use executive orders and every power at his disposal to advance his own agenda. I think he will pardon corrupt people much more frequently. Look at the list of people he has pardoned: these are pure transactions. You — or someone on your behalf — give me money. I don’t care that you defrauded, say, elderly people in nursing homes (which is exactly what one of the people he pardoned did, causing them enormous harm and owing billions of dollars in restitution) — I’ll just take the money and erase...”

Listen to what Hillary Clinton is saying: “I think it is very likely that after the midterm elections, Trump will become even more uncontrollable. Let’s assume — from my point of view — the most favorable scenario: we take back control of the House and the Senate. He will not cooperate with them. He will do everything possible to undermine their work. He will instruct his subordinates not to respond to requests and even to ignore subpoenas. He will be headed for a serious confrontation with Congress. And he will use executive orders and every power at his disposal to advance his own agenda. I think he will pardon corrupt people much more frequently. Look at the list of people he has pardoned: these are pure transactions. You — or someone on your behalf — give me money. I don’t care that you defrauded, say, elderly people in nursing homes (which is exactly what one of the people he pardoned did, causing them enormous harm and owing billions of dollars in restitution) — I’ll just take the money and erase...”

Mykhailo Rohoza

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Everyone in AI is warning about job losses. Jeff Bezos, now running a $41B AI startup, says the opposite problem arrives first: not enough workers. "I know there's a lot of concern in general about AI and job loss. I have a very different view." "I think what's actually going to happen is we're going to have labor scarcity." "I know why people are pessimistic. They're pessimistic because a bunch of smart people are telling them to be pessimistic, but those people are wrong." "This could be very significant productivity in the economy. And that is going to raise the standard of living." "A lot of people who, for example today, have two earner households, perhaps one of those earners will decide not to be in the job market. So they'll become a one earner household. Maybe some people who are working overtime will stop working overtime because they don't want to work overtime." His first operating seat since leaving Amazon's CEO job in 2021 is Prometheus, which raised $12B in June at a $41B valuation. The man whose startup automates physical work is not predicting displacement. He is predicting voluntary exit. If he is right, the first labor signal of the AI era will not be an unemployment spike but a quiet drop in participation: second earners and overtime hours leaving first. Nobody is planning for that version. - Jeff Bezos (Jeff Bezos), co-CEO of Prometheus, on CNBC.

Karl Mehta

60,911 görüntüleme • 2 ay önce