They're Firing Everyone And Getting Rich From It

Amazon plans to cut 600,000 workers by 2033, while executives profit from each layoff announcement. Despite AI's current inability to handle complex tasks, corporations are laying off real human workers today and funneling the "saved" wages into AI research. They’re betting that someday the technology will deliver on the very promises they keep selling. Sources: 13.8 Million Layoffs: https://usafacts.org/answers/how-many-people-are-laid-off-each-month/country/united-states/ Complete source documentation is available on Patreon To support the channel: https://patreon.com/VanessaWingardh Chapters: 00:00 Intro 00:29 Massive Layoffs Happening 01:08 David Ellison Fires Paramount Employees 01:32 Why Are Companies Still Laying Off When Profitable? 01:45 Tim Gurner: Unemployment Needs to Rise 02:21 The Shadow Layoff System: 13.8 Million Layoffs 03:00 Amazon Claims They Need More Efficiency Despite Record Profits 03:16 Amazon to Replace 600,000 Jobs with Robots 03:36 Companies Laying Off Workers to Invest in AI 04:59 Ron Buckton: Senior Employees are Layoff Targets 05:48 New Graduate Unemployment is Rising 06:35 Vercel Trained an AI Agent on its Best Salesperson 07:02 Retirees Are Rejoining the Workforce Due to Cost of Living 07:41 Social Security is Set to Run Out and Not Keeping Up with Inflation 08:00 Raising the Full Retirement Age for Social Security 08:15 Workday Lawsuit Age Discrimination 08:23 Not Able to Find Work After 50 09:16 Everyone is Competing for a Small Number of Jobs 10:09 Inflation and Cost of Living is Out of Control 10:51 Government Tells Us Inflation is Low 11:14 Companies like Tyson Are Creating Artificial Inflation 11:42 Tyson Earnings Calls: Passing Inflation to Consumers 12:10 As Economy Gets Worse with Fewer Jobs They’ll Lower Wages 12:31 Uber Pioneered Dynamic Wage Setting 13:22 Amazon, Microsoft, Intel Laid Off But They’re Still Hiring 13:57 Executives Get Rich From Layoffs