this post was submitted on 24 Sep 2026
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It's not "propping up the economy". The stock market is not the economy. If anything, AI is dragging the actual economy down further.
It's not really capable of that except in a few tasks. For programmers, a lot of companies have overhired over Covid and have been looking for excuses to downsize without looking bad to investors, especially with the economy in recession. AI is mainly a convenient excuse for that