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Jerome Powell says the AI hiring apocalypse is real: 'Job creation is pretty close to zero.’ (fortune.com)

submitted 4 days ago by cm0002@infosec.pub to c/usa@midwest.social

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[–] Rentlar@lemmy.ca 5 points 4 days ago

My takeaway from all this is that John Maynard Keynes' concept of money velocity is correct, except this time it's companies of one industry whipping money and future promises of money back and forth to each other.