Once the AI bubble pops, we’ll all suffer. Could that be better than letting it grow unabated?

<p>The world will be pushed into a recession, but perhaps we can build something more promising from the pieces</p><p>The world economy hinges on the success or failure of artificial intelligence. It’s becoming apparent that we are probably doomed either way.</p><p>Employment growth is stuck and <a href="https://www.atlantafed.org/chcs/wage-growth-tracker">wage growth</a> is slowing, especially among low-paying jobs. <a href="https://www.newyorkfed.org/microeconomics/hhdc">Loan delinquencies</a> are rising, driving an <a href="https://www.abi.org/newsroom/bankruptcy-statistics">increase in bankruptcies</a>. Consumer confidence <a href="https://www.sca.isr.umich.edu">has collapsed</a>. And reckless policymaking is taking its toll. Donald Trump’s trade war is cutting farmers’ access to the Chinese market and manufacturers’ access to Chinese rare-earth magnets. His clampdown on migration is hitting access to labor, from agriculture to <a href="https://kffhealthnews.org/news/article/health-care-employment-growth-immigration-crackdown-medicaid-cuts/">healthcare</a>. The drawn-out government shutdown is starting to <a href="https://www.nytimes.com/2025/10/21/business/economy/government-shutdown-economic-effects.html">sap economic growth</a>.</p> <a href="https://www.theguardian.com/technology/2025/oct/23/ai-bubble-economy-workers-wage-growth">Continue reading...</a>