Today the Bay Area is considered one of the best places to live in the USA and perhaps in the entire world. However the economy of the region is heavily tied to the tech industry and its workers. AI is already pushing a huge number of people out of the tech industry and other white collar jobs. This is most noticeable in tech where a vast number of software engineers, analysts, managers, designers, and HR specialists are losing their jobs right now. Unemployment is rising and consumption is falling. It is possible that the Bay Area will sink into an endless downward spiral of recession because of this. If this trend continues and AI becomes better while the number of workers decreases even more, the Bay Area will likely become Detroit 2.0. I wonder if people who bought homes here recently regret their decision. In the future property will probably cost much less than it does now and the region will become poorly suited for living. submitted by /u/SignFar790
Originally posted by u/SignFar790 on r/ArtificialInteligence
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