Hear me out. Since the late 80s the Stoick market has had a constant influx of bids every payroll. This exists because employed contribute to their 401k and company matches. Were this cycle broken because the previous 401k contributors either became unemployed through AI replacement or wages reduces because of AI efficiencies then where would these previously relied on bidders come from?
Markets rely on earnings but also new buyers as it cannot exit purely on higher earnings. Don't see any conversation about this impact from AI.
Posted by Boys4Ever
2 Comments
401k contributions account for less than 1% of volume in the stock market throughout the year. It would definitely have an impact, but not nearly as big as you think.
You guys didn’t live through 2008 crash did you?