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Stock Market is the bottom in?
- Thread starter Peplin Creek
- Start date
Bowsnbucks
5 year old buck +
130 CEO's on the 16th said in a public statement that they expect earnings to go down. They see a slowing economy.
Nestle laying off 16,000 due to their stated "automation." The biggest number of those to be laid off are in the "safe(?), white collar" group. AI kicking-in in many businesses now - lots more to come. Robotic manufacturing has already cost millions of jobs over the last 25 - 30 years. And now, even more of the "starter jobs" / "entry jobs" are being automated. Fast food and check-outs at grocery stores / big box stores eliminated loads of those "entry jobs" for young people - and even retirees. Efficiency will have an end-point when enough diminishing returns happen due to millions of lost human jobs. AI machinery / robots / programs / software won't be buying food, finished goods, services., homes, cars, etc. I think that's why Jensen Huang - the CEO of Nvidia - replied to a question not long ago at a press conference. The question to him was, "What career path / course of study should young people take today?" Huang's reply ........ "Farming." So .... a return to WWII days when everyone had to grow their own food for the year?? Soon don't need humans to do jobs anymore on a large scale?? Rosy forward outlook from Huang.
Big targets for AI replacement ...... programmers, systems analysts, engineers, data entry & processing jobs, accountants, including CPA's, etc. Businesses don't even try to hide the fact that millions more jobs are going away - they openly brag about it. Take away the buying power of hundreds of millions of people - maybe billions - worldwide, and how does any semblance of a healthy global economy survive??
Save the blanket statements of "Oh ... they're will always be more jobs created." At what pay level??? The majority of people today are barely keeping their nose above water. But the few billionaires are getting richer and richer, and control all governments globally now. Oligarchy is spreading rampantly, and unless you're a person with many millions - or billions - of dollars, tough times are on the way. Even the Bible says that suffering worse than any that humans have previously suffered is coming. A relative few people already control most everything globally. And like some on here like to say openly, "I'm not helping anyone. I earned MY money." (As if everyone else hasn't, or is a lazy, stupid, slug.) Christians all...... correct???
Quoting the Bible and then making digs about Christians?
jsasker007
5 year old buck +
In my business I will be forced to go with automation and that just plain sucks because it costs soooo damn much. It's gonna be the only way I can have a chance at keeping up with production because the people in my area will not work because the system kisses their lazy asses. This is central Minnesota though, so it's more on the extreme end of the spectrum as far as worthless people to hire in a worthless town in a worthless county in a worthless state. See a pattern? Minnesota has become a fantastic example of what can happen with the absolute worst idiots in charge. jmo
H20fwler
5 year old buck +
Victory gardens were a big thing during WW2?
As soon as Powell is out watch how the economy magically gets better.
Gas is $2.40 here today, good times are on the way.
b116757
5 year old buck +
Farming will be one of the very last things to completely automate if it ever does and farm ground will only continue to appreciate in value with the worlds population growing this may have been more along the lines of Jensen Huang meaning of his reply. So I would buy as much farm ground as you can.
hillrunner
5 year old buck +
What makes you say farming would be last to automate? I feel like farming is ripe for automation. I know plenty of farmers that think so too.
I agree on farm land, I buy as much as I can.
H20fwler
5 year old buck +
Around here mega farms are gobbling up every acre they can. Usually owned by fifth generation farm families or corporations, they doze off any remaining fence rows and woods they can, some don’t even rotate crops anymore, fields have been corn year after year to get cut for silage for the mega milking operations.
Big farmers farm thousands of acres and have huge cow/chicken/turkey/hog or beef finishing barns.
The new equipment is all GPS and about runs itself, huge combines and tractors with tracks and semis lined up by the dozens hauling grain.
No wonder farm ground here is $30K plus an acre anymore.
Small farmers are being pushed out.
Big farmers farm thousands of acres and have huge cow/chicken/turkey/hog or beef finishing barns.
The new equipment is all GPS and about runs itself, huge combines and tractors with tracks and semis lined up by the dozens hauling grain.
No wonder farm ground here is $30K plus an acre anymore.
Small farmers are being pushed out.
The Fishman
5 year old buck +
The Fishman
5 year old buck +
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hillrunner
5 year old buck +
I like your optimism, maybe your right . Unfortunately, I think that in the near future farming will require very few people nationally. Spray drones, autonomous tractors, field mapping, automatic shut offs etc. are already reality and will only get better.
Livestock raising has been moving towards total confinement for years. It already has a lot of automation and I see that exploding soon.
I don't think any of us are ready for how much AI will change our world in the coming years. I don't have any special insight but I have been listening to a lot of podcasts on the subject. One common theme I hear is how nobody thinks AI can do their job, and basically their reply is, yes it can.
