Hacker News: HappyHacker731

New comment by HappyHacker731 in "Study found that young adults have grown less hopeful and more angry about AI"

HappyHacker731 — Thu, 09 Apr 2026 17:14:47 +0000

Just because it isn't as bad as 2008 yet doesn't mean we aren't in a recession. I would argue that we were also in a recession before the housing collapse actually hit. Economists will also tell you that the great recession ended in 2009 which I think we both know is bs. My point is that it's a nebulous term and the economy sucks right now despite a few companies keeping GDP artificially inflated.

New comment by HappyHacker731 in "Study found that young adults have grown less hopeful and more angry about AI"

HappyHacker731 — Thu, 09 Apr 2026 16:54:41 +0000

Exactly. I've been thinking about the demand issue for a while now too. It makes me think either the frontier labs are really "move fast and break things" cultists that truly don't care about any second order effects, or they're 100% convinced "asi" will subsume all forms of labor. If you permanently remove a massive chunk of labor from the white collar sector that will cause a massive drop in consumer spending, which will impact company revenue, which will in turn put pressure on their ability to spend on the ai causing the displacement in the first place. Unless they monopolize all labor and cause a paradigm shift in how economies fundamentally work I don't see how they're not just shooting themselves in the foot.

New comment by HappyHacker731 in "Study found that young adults have grown less hopeful and more angry about AI"

HappyHacker731 — Thu, 09 Apr 2026 16:42:53 +0000

> we'd 100% be in a recession

A little confused as to how exactly a handful of unprofitable companies are keeping us out of a recession? GDP is not the economy. We have been in a "recession" for a while now, not that that word even really means anything anymore.

New comment by HappyHacker731 in "Study found that young adults have grown less hopeful and more angry about AI"

HappyHacker731 — Thu, 09 Apr 2026 16:29:42 +0000

You're right and it's actually even worse than that. If X% of the white collar jobs get replaced by ai that means there are X% more people competing for the "safe" jobs. Over time the "safe" jobs will pay less and less adjusted for inflation because the job displacement is increasing the labor supply making your labor less valuable.