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National News
See other National News Articles

Title: The silent bloodbath that's tearing through the middle-class
Source: [None]
URL Source: https://www.dailymail.co.uk/yourmon ... g-middle-class-US-economy.html
Published: Jun 8, 2025
Author: Horse
Post Date: 2025-06-08 09:14:24 by Horse
Keywords: None
Views: 56

and rapidly flipping the US economy on its head

Elon Musk and hundreds of other tech mavens wrote an open letter two years ago about how AI was coming to 'automate away all the jobs' and upend society.

It looks like we should have listened to them.

Layoffs are sweeping America, nixing hundreds of thousands of jobs at Microsoft, Walmart, and other titans. The newly jobless speak of a 'bloodbath' on the scale of the pandemic.

This time, it's not blue-collar and factory workers getting whacked — it's college graduates with white-collar jobs in tech, finance, law, and consulting.

Entry-level jobs are vanishing the fastest — stoking fears of recession and a generation of disillusioned graduates left stranded with CVs no one wants.


Poster Comment:

Not just AI. Robotics as well.

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