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mcc
@dryad.technology

Have you noticed, lately, or noticed people around you commenting, that there just seems to be no money anymore. There's no money for companies to make the tv shows you like, the video games you like, the local diner you like shut down, no one you know can find a job. Think about that in context of

Nicholas Grossman@nicholasgrossman.bsky.social

AI is now the biggest investment in all of US history as a percentage of GDP. Datacenter construction is up, all other construction is down. "AI Is Squeezing Out the Rest of the Stock Market," reported WSJ 2 days ago. We basically bet the whole economy on the most optimistic visions panning out.

Dan Williams 🌮
@videospacegames.bsky.social

One thing I think about a lot is that even though this money is going to AI companies and data center construction, where is THAT money going? It doesn't seem to be invested anywhere else. So either they are hoarding it dramatically or it is getting siphoned out of the country.

mcc
@dryad.technology

There was a conversation the other day about how the Centrist NYT/WaPo axis has started doing "people should get into the trades! the trades are growing!" as the new "writers should learn to code!". But then someone dropped in a graph showing the majority of new work in "trades" is in datacenters

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mcc
@dryad.technology

…and non-datacenter work in the trades is shrinking. Which implies that a bunch of people are going to rush to be educated as, idk, electricians, for the promise that's the stable job path now, then those jobs will crash (the same way "coding" jobs crashed) when the data center buildout is finished.