Post #2398905
2026-05-11 16:46 UTC
Galloway closes with a pretty strong sneer: Apocalypse No
AI’s popularity is correlated to wealth, with only those earning more than $200,000 per year viewing AI as a net positive. That’s not a reflection on AI, but yet another signal that the incumbents (the old and the wealthy) have successfully hoarded opportunity. In other words, the AI jobs freak-out is the latest act in America’s ongoing wealth inequality drama. The Gini coefficient is how economists measure inequality: Zero indicates everyone has exactly the same wealth; a score of 1.0 means one individual owns everything. In the U.S., we’re higher than 0.8 — about the level seen when the French began separating people from their heads. The real disruption won’t come from AI, but from the public watching arsonists sell smoke detectors and call it innovation.
The AI job apocalypse isn’t an economic forecast — it’s a marketing strategy. We’re not witnessing the end of work. We’re watching the monetization of fear.
Seems like he’s getting back to his pre-crypto / we-wtf style. But when did podcasters start charging $53 / seat at the Wiltern, that place is huge. And no Swisher either, it’s his other one.
Replies (2)
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@istewart@awful.systems 2026-05-11 17:47
I started to smell something funny about Galloway when I heard an ad for his podcast in a prime drive-time slot on the local country music station, of all places
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@anise@quokk.au 2026-05-12 12:08
the AI job apocalypse isn’t an economic forecast – it’s a marketing strategy. Am I being paranoid or is that a very LLM phrase?