Mastodawn

This article has a lot of cud to chew on.

“[We should all hope]that AI won’t be that useful. If it were the case that 30%, 40% of new university graduates can’t find […] what would that do to democracy and social peace? Wherever that has happened in the past, you’ve had revolutions.”

“Revolutions […] are inherently unpredictable, shaped by the interplay of repression, redistribution, and the ambient attitudes of a generation. Social media adds a new variable that history offers no reliable guide to. “In the past, youth did not have Instagram, TikTok, and Twitter,” he said. “Perhaps that changes things. I have no idea.”

“But the direction of concern is clear. A generation of workers who trained and credentialed for an economy that AI has since restructured — and who feel economically stranded — is a constituency that has historically not stayed quiet. The grumbling at this spring’s commencement ceremonies, he suggested, may be an early signal.”

Read here:
https://fortune.com/2026/06/21/nobel-laureate-daron-acemoglu-ai-productivity-capitalism-democracy/

#GraduateEntry #GenAISlop. #GenAIBubble #FutureEmployment #GIA #Revolution #Capitalism #MarketsAndRegulations #SenselessDiscourse #FutureWorkforce #DemocraticInstitutionsAndMarkets #DaronAcemoglu #MIT #Economics #Productivity

Nobel Laureate Daron Acemoglu on the ‘brainless’ AI discourse, the myth of capitalism and the Gen Z revolution risk

The MIT economist and Nobel Prize winner doesn't mince words: most of what you're reading about AI is wrong, and the stakes for getting it right are existential.

Fortune

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RaymondPierreL3 1d ago

@ChrisMayLA6
Indeed, education is not mostly about jobs. Nevertheless, one has to make a living eventually even when graduating from one’s most favoured (perhaps not well rewarded) faculty.

This issue of falling entry-salaries is yet another example of #NeoLiberalEconomics at play IMO. Monetising and commoditising erudition to the lowest level possible in order to extract maximum benefits (Profits). That a lower entry-remuneration is in evidence across the board is not surpsiring. Nor is the Corporate Executive thoughtbubble dream of replacing much of the workforce with #GenAISlop

Unless human knowledge is valued above #SuperProfits, an increasing numbers of graduates vying for increasingly monopolised job offers coupled with advances in automation and computation technology make for a gloomy future. There is a balance somewhere, but it’s a precarious one, yet to be sought, which requires major changes in our economic structures as well as a strengthening of our democratic institutions.

#Education #GraduateEntry #JobFutures