Part 7/11:
Economic Contradictions and the Impending Collapse
A worrying trend is that corporate revenues and profits are increasing while employment declines. This decoupling breaks the traditional economic paradigms that link growth with job creation. The productivity gains driven by AGI are so massive that unemployment could spiral downward with no recovery in sight.
Official data show October job cuts reaching levels unseen in over two decades, with a 175% surge compared to last year.
Layoffs are happening in the worst year since 2009, a period marked by a severe economic crash.