Henrik Zeberg on AI and consumer spending
70% Of the US economy runs on people spending money from their jobs. That covers groceries, gas, cars and houses. Henrik Zeberg (HenrikZeberg) points out that when AI takes those jobs, the spending stops because machines don't buy things. If unemployment rises or neighbors lose work, folks pull back. The growth slows down since AI does not go in and buy groceries.
Transcript (en)
And when it comes to AI, just think about it. Let's think about it for one second. 70% of the GDP comes from consumer spending money. And you can see that when consumers have a job, you know it from yourself, when you have a job, you probably spend some money. If you don't have a job, you'll be a little pulling back somewhat. And if you can see that there is higher unemployment or your neighbor gets laid off or whatever, you will be more careful. and you start pulling back. That means that the economy will grow with less force. See, AI does not go in and buy groceries. So the 70% of the growth in the economy comes from people spending money on everyday things. Buying groceries, buying gas, buying a new house, buying a car, whatever, all of these things, 70%. If you enjoyed this, be sure to hit that like button and follow to stay up to date with what's going on in the world. and everything else memes and markets. Peace.
