Bad Economic Predictions

For stuff that is general.
Leisher
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Bad Economic Predictions

Post by Leisher »

Amazon cutting 14K jobs. Not related to all the other ones they plan to cut.

NVIDEA going all in on making sure robots take all our jobs.

Chipotle is doing really poorly. Their CEO responds. Maybe consumers are finally starting to get a fucking clue. It's not inflation, it's greed. Prices are constantly going up, salaries aren't, shrinkflation is a real thing, our food is poison, and the quality of everything from food to electronics to furniture has been going down the shitter.

Wake up invisible hand!
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
TheCatt
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Bad Economic Predictions

Post by TheCatt »

Leisher wrote: Thu Oct 30, 2025 7:03 pm Amazon cutting 14K jobs. Not related to all the other ones they plan to cut.
They also announced record profits and revenue today.

Chipotle sucks.
Leisher wrote: Thu Oct 30, 2025 7:03 pm NVIDEA going all in on making sure robots take all our jobs.
Good... to a point.
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Leisher
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TheCatt wrote: Thu Oct 30, 2025 7:56 pm They also announced record profits and revenue today.
You honestly have to be soulless to do shit like that.
TheCatt wrote: Thu Oct 30, 2025 7:56 pmChipotle sucks.
Amen.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
Leisher
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Bad Economic Predictions

Post by Leisher »

Feels like this should go here as it's related to all the negative economic news.

Americans are time poor.

Work people to death, pay them shit, give them no respect, and make everything unaffordable.

What could go wrong?
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
TheCatt
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Bad Economic Predictions

Post by TheCatt »

I tried to talk about this 15 years ago (not here, maybe, probably reddit or something else). Like the mental drain of having to manage health insurance, vision, dental, your retirement accounts, etc, etc. If you lower that mental load you give people back 1) their brain and 2) their time. And then they can do productive shit instead. Better public transportation, etc. All can make the economy better by making people more productive.
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Bad Economic Predictions

Post by TheCatt »

Fact 1: America’s economy and stock market keep growing, buoyed by robust consumer spending and AI mega-growth.

Fact 2: Hiring is at a standstill, inflation is rising, loan defaults are abundant and Americans give this economy a near-record-low rating.
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TheCatt wrote: Fri Oct 31, 2025 11:20 am I tried to talk about this 15 years ago (not here, maybe, probably reddit or something else). Like the mental drain of having to manage health insurance, vision, dental, your retirement accounts, etc, etc. If you lower that mental load you give people back 1) their brain and 2) their time. And then they can do productive shit instead. Better public transportation, etc. All can make the economy better by making people more productive.
I really have no problem with this concept, which is a core part of Democratic Socialism. The problem is that it truly is a slippery slope as we do see in various places around the world. Plus, it does mean shittier service. Same argument as why rent control is a bad idea. A way has to be found to keep the Capitalism in the system, but not let it run unchecked. Whoever figures that out revolutionizes most people's lives.

Also, there was a time when one parent could afford to stay home (I don't really care if it's the mom, dad, or partner). Every study shows that has a positive effect on kids, and thus, society overall. We need to figure out how to get back to that...before AI forces everyone to be stay at home parents :D Honestly, if you figure out this one, the previous one becomes less important.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
TheCatt
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Bad Economic Predictions

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Leisher wrote: Sat Nov 01, 2025 9:01 pm lso, there was a time when one parent could afford to stay home (I don't really care if it's the mom, dad, or partner)
Yeah, when the rest of the 1st world was recovering from a war.
Leisher wrote: Sat Nov 01, 2025 9:01 pm The problem is that it truly is a slippery slope as we do see in various places around the world
Yeah.
Leisher wrote: Sat Nov 01, 2025 9:01 pm Plus, it does mean shittier service.
I dunno what's shittier than none?
Leisher wrote: Sat Nov 01, 2025 9:01 pm Same argument as why rent control is a bad idea.
Rent control has few positives. Only those people who get the rent control get positive. Everyone else (owners, renters without rent control, etc) suffer. Then society at large suffers as well.
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TheCatt wrote: Sun Nov 02, 2025 7:11 am Yeah, when the rest of the 1st world was recovering from a war.
We need to start a war then. :D

I disagree that was it though. Feminism, Capitalism, and government all played large roles in getting women into the job force, and not for "women empowerment" either.
TheCatt wrote: Sun Nov 02, 2025 7:11 am I dunno what's shittier than none?
Depends what services you think we're missing here.

Spoiler: I'll probably point out that whatever you think is missing, should be provided, but the money for it is going to illegals or welfare.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
Leisher
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Bad Economic Predictions

Post by Leisher »

AI data centers are driving up the cost of electricity...by a lot.

This is great news for already struggling American households.


Maybe the Boomers are right and the young are lazy?
Image
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
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Bad Economic Predictions

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Leisher wrote: Wed Nov 12, 2025 3:27 pm AI data centers are driving up the cost of electricity...by a lot.

This is great news for already struggling American households.
It may or may not being doing great things for my work :)
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Image
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
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Post by Cakedaddy »

There are nearish us. One was supposedly approved in Chelsea, MI. Im not sure if I'm on that power grid or not.

The other is much closer in Howell, MI. This one, I have to assume I'll share a grid. I'm even close enough that I'm mildly concerned our water could be affected.

Things like this NEVER provide the promised jobs, tax money, etc. And they ALWAYS damage more than they promise they won't. Why anyone still believes corps care and will do the right thing is beyond me.

Most people are against them. But since they only need to pay off a select few to get this stuff passed, I don't have high hopes that it will be denied.
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Post by TheCatt »

I am definitely pro data center. As long as they are not near me :)

Typically, when a data center wants to connect to the grid, they cannot just do that. There's an interconnection study to make sure that there is sufficient power supply and transmission capacity to provide power within a given portion of the grid. I haven't really dug into power prices going up, but I don't think it's explicitly due to data centers. I think they're a convenient political target.
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Cakedaddy
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Post by Cakedaddy »

The cost of the upgrades are passed on to the whole grid, is what I've read. They contaminate the ground water, etc.

It's kind of like fracking. The Corp says everything is fine and safe. The neighbors turn on their tap water and show you "no, it's not". Lots of communities can show the actual damage. It's not "I feel like things are bad". They turn on their water and brown sludge comes out.

I've read more than one investigative report that compares the before vs after. How many jobs are created compared to promised. Electric bills before and after. Water quality in surrounding communities. Actual tax revenue, Etc. It's either always bad, or they don't talk about the ones that work out.
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Post by TheCatt »

I'm not super familiar with this dataset, but, i dunno... wonder how accurate it is.
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Image

Make building housing easier.
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Leisher
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TheCatt wrote: Mon Nov 17, 2025 9:47 am Make building housing easier.
I'm sure rent control will do the trick for NYC! :D

Strong agree with you though. Our housing market is broken.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
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Historic districts are dumb. Many housing setbacks are dumb. Lots of reviews are dumb. Simplify.
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Leisher
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Post by Leisher »

Honestly, I don't really see a massive issue with this except that it seems geared more towards ill gotten funds. Most adults already have cards, right?
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
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