Peter Thiel: Capitalism Isn't Working for Young People

It's not AI, it is the illusion of AI while companies keep doing wave after wave of layoffs and offshore to maintain stock performance. Organizing, unionizing, and having more power against management and companies is the only way to prevent this legally. The beatings will continue till the stock performance improves.

https://www.theregister.com/2025/10/01/ai_isnt_taking_people...

> Yale researchers say that despite the anxiety about AI taking people's jobs, there's very little evidence of it actually happening. Economists with Yale's Budget Lab, a non-partisan policy research group, took a look at how US employment has changed since the November 2022 debut of ChatGPT and the sequent release of other generative AI models. They saw nothing to be alarmed about. "Overall, our metrics indicate that the broader labor market has not experienced a discernible disruption since ChatGPT’s release 33 months ago, undercutting fears that AI automation is currently eroding the demand for cognitive labor across the economy," said Martha Gimbel, Molly Kinder, Joshua Kendall, and Maddie Lee in a report summary.

Report: https://budgetlab.yale.edu/research/evaluating-impact-ai-lab...

https://www.remotelabor.ai/

> While AI systems have saturated many existing benchmarks, we find that state-of-the-art AI agents perform near the floor on RLI. The best-performing model achieves an automation rate of only 2.5%. This demonstrates that contemporary AI systems fail to complete the vast majority of projects at a quality level that would be accepted as commissioned work.

That's not the only thing, not even in the USA. The New Deal happened, and things were a lot worse before it than they are even now for those entitled to SNAP payments — though of course, if SNAP stays off the way I suspect it will, and if the undocumented agricultural workers stay out of the USA, this may change very hard and very fast, and those invented stories about "immigrants eating pets" may turn into actual true stories about ICE agents being cannibalised, thanks to how hunger works and how the 2nd amendment seems to be part of the American New New Testament with Gospels According to John, Ben, Alex, and Tom.

> look at social media being used to cancel

These days, whenever someone mentions "cancel culture" like it's new, I just think of all the old culture that got cancelled owing to a lack of popularity, like the original series of Star Trek… or even further back, Catholicism.

The difference social media brings is not with the cancellation, it's that it caused us to live in Andy Warhol's future where everyone has their own 15 minutes of fame.