The labor market is in turmoil, and finding a job is becoming an increasingly impossible task.Based on my observations, in Silicon Valley, California, age discrimination began to gain momentum after year 2000(before was Internet Buble), and it took almost 20 years for this to become a significant problem. Finding a job after graduating from university or after the age of 50, if you've lost your job, is becoming incredibly difficult, not to mention after the age of 60.
Interestingly, government statistics cheerfully report the number of new jobs created, but discreetly remain silent about the salaries offered and the number of unemployed among young people after graduating from universities and among people who lost their jobs after the age of 50 or 60 and couldn't find new ones.
At the same time, starting in 2020, there has been a boom in AI, leading to mass layoffs(the role of the COVID-19 pandemic in this process should be noted), as well as the use of AI for filtering resumes and automating HR processes for recruitment.
I'm not even talking about the wage gap between companies like Google, Apple, Microsoft, Meta, Amazon, Roblox, Palantir and other companies, as well as startups that cannot afford to pay such high salaries.
All these factors are leading to an inevitable crisis and collapse of the labor market based on the latest technologies.
Naturally, the middle class is being destroyed, and baby boomers are being actively pushed into retirement, and the gap between the small percentage of wealthy people and the majority of the lumpen proletariat, who lived paycheck to paycheck, is becoming enormous, which is fraught with social upheavals, wars, revolutions, and naturally, mass genocide of the population of planet Earth.