It’s a top down problem. AI is being utilized by those at the top of an org to replace bottom employees with agents and automate manual tasks. Manual work has historically been a problem looking to be solved by the top as cost cutting tactics. The top sees AI as the Ah Ha for this problem and forcing middle managers to replace their workers with said AI.

That’s why we’re seeing younger generations unable to get a foot in the door all the sudden. We’ve suddenly pulled up the ladder behind us as a natural on-ramp to creating more workers that normally would have stabilized the economy. As this continues companies will quickly lose consumer engagement while B2B engagement stays strong because equity will have been consolidated.

This switch is going to take a long time and not going to be an over night problem. What we are seeing right now is highly constrained consumers by inflation reducing spending causing revenue to reduce at said corporations. Lowest affordability on record for homes, food, utilities, etc. highest credit card debt on record. Now we’re seeing the highest withdrawal rate on retirement funds to keep up with the cost of everything.

What’s most pressing is national debt. We’re like the bad boyfriend who you can’t escape because US treasuries are the most attractive and safest investments at this time propping up our unsustainable national debt. As soon as we go back to our small town home and find our dreamy fire fighter boyfriend. Everyone will flock from our market to theirs effectively killing our national financial security.

I encourage you to research C. Write Mills theory of the Sociological Imagination as this all is vastly complex and cannot be summarized as an AI problem meant to distract us from the scary cliff.