Inherent Good

Global macro is extremely intricate so I usually refrain from having a view. Recently, there has been a lot of chatter around war, JPY carry trades, inflation, etc. However, I believe that one of the most important considerations for all market participants over the next year will be how our world will be able to avoid global recession driven by AI advancements leading to mass job displacement Those that have been following the development of AI technologies know that progress is increasing at an exponential rate and so is its effect on the world. Already, AI has had a profound impact in the fields of customer service, warehousing, basic programming, etc With the top AI research organizations on track to deliver reasoning capable LLMs in the next year you very soon have the majority of blue and white collar jobs at risk of being displaced by AI. Legal, writing, accounting, even AI research and trading. Companies like @Figure_robot will give AI a physical body and totally transform factories, home care, anything that relies on human physical labor. Very short term that will be good for companies. They decrease their costs - for most companies humans are the biggest expense but the benefit to the bottom line can’t remain forever as this technological revolution spikes unemployment which crushes consumption. The only solution here is UBI but given the political divisiveness of the topic is unlikely to be deployed before we’re already in a recession. I’m not so sure our government will be able to quell these fears before they envelop the market, but I’ve been wrong before. I hope AI can be good for humanity but we have many problems to solve while this ship is moving fast

NEW: Earlier this month, Fresno County launched a #guaranteedincome pilot that will give participating families $500/month for 12 months, joining a growing list of cities and counties throughout CA that have launched similar cash pilots. 👏👏👏 calmatters.org/newsletter/cal…

This video on @GiveDirectly by @MrBeast has only been up for 14 hours and already has over a million views! I chipped in, and hope they reach their goal. youtube.com/watch?v=pZ-Mpx…

Join the struggle in a brand-new episode of #TheSimpsons this Sunday at 8/7c on @FOXTV, next day on @hulu!

Join us for a special screening of Inherent Good starring comedian @traecrowder at UPenn! Don't miss the chance to discuss with director and tv writer @SteveBorst in an engaging Q&A! Spark a conversation, ignite change! 📅 April 12, 6 PM- Caster Lobby. tinyurl.com/inherentgood

📢Tuesday 4/2: Join us and many more partners for the #ChildTaxCredit Digital Day of Action. Every child deserves the chance to grow and thrive. The #CTC provides needed assistance as families face rising costs, and we know that it can lift millions of children out of poverty.

“GiveGreen chooses to offer unconditional cash transfers… Empowering poor people to make their own choices. Well, that advances their core value of respect.” - @JohnCena in Ricky Stanicky, a new Amazon comedy 🤯 GiveDirectly.org 🧵

WATCH: PBS @NewsHour dives into how the #ChildTaxCredit lifted 2M children out of poverty by giving parents the ability to buy essentials for their kids like groceries and school supplies. The #CTC invests in families and supports working parents. pbs.org/newshour/show/…