Despite business and investor hype around generative AI last year, information-technology hiring slumped as companies laid off workers and sought to cut costs.
But also in 2020-2022 saw one of the biggest rushes to capitalize on social welfare. Companies knew people would be at home looking for something to do, so they all expected incredible growth.
They did make incredible profits, but not growth, and now we are seeing the biggest layoff waves in decades because there was never any growth, just short term profits.
This is essentially privatizing profits and socializing losses. It is still greatly hurting us today when they tell lie that cost of living has to go up because everyone is broke. The rich aren’t broke but they put on their rags and joined us at the table, ready to buy up all our cheap shit.
John Steinbeck once said that socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires.
If there was hope, it must lie in the proles, because only there, in those swarming disregarded masses, eighty-five percent of the population of Oceania, could the force to destroy the Party ever be generated. The Party could not be overthrown from within. Its enemies, if it had any enemies, had no way of coming together or even of identifying one another. Even if the legendary Brotherhood existed, as just possibly it might, it was inconceivable that its members could ever assemble in larger numbers than twos and threes. Rebellion meant a look in the eyes, an inflection of the voice; at the most, an occasional whispered word. But the proles, if only they could somehow become conscious of their own strength, would have no need to conspire. They need only to rise up and shake themselves like a horse shaking off flies. If they chose they could blow the Party to pieces tomorrow morning. Surely sooner or later it must occur to them to do it.
But also in 2020-2022 saw one of the biggest rushes to capitalize on social welfare. Companies knew people would be at home looking for something to do, so they all expected incredible growth.
They did make incredible profits, but not growth, and now we are seeing the biggest layoff waves in decades because there was never any growth, just short term profits.
This is essentially privatizing profits and socializing losses. It is still greatly hurting us today when they tell lie that cost of living has to go up because everyone is broke. The rich aren’t broke but they put on their rags and joined us at the table, ready to buy up all our cheap shit.
It’s the way of the world. The only way around it is to find some herculean means to save money and join them.
Save every penny you get and you’ll still never be in the club.
Or get rid of them
I’ve been meaning to finish this book…