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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: Steve203 ⎊❂🐝 HONORARY
SHREWD   😊 😞
Number: of 4460 
Subject: bad news for "knowledge" workers
Date: 11/26/25 10:43 AM
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MIT study finds AI can already replace 11.7% of U.S. workforce

What the researchers found is that the visible tip of the iceberg — the layoffs and role shifts in tech, computing and information technology — represents just 2.2% of total wage exposure, or about $211 billion. Beneath the surface lies the total exposure, the $1.2 trillion in wages, and that includes routine functions in human resources, logistics, finance, and office administration. Those are areas sometimes overlooked in automation forecasts.

cnbc.com - MIT study finds AI can already replace of US workforce

One of the Steelcase dealers I worked for had a RIF every year. The first RIF swept through middle management. What changed after the middle managers were tossed? Nothing. The work carried on as before.

Steve
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