Jason Calacanis

The economy, 63% believe Trump has fallen short.

Looking out for the middle class, this is the one that should be the most disturbing.

65% of the country believes he's fallen short and inflation and the cost of living, 66%.

If you look at this next chart, this one has been trending online

And I've been talking about unemployment and I've been attributing it to AI.

I know some people think I'm crying wolf here or I'm the boy who cried wolf, but the statistics are starting to trend towards my position, I believe.

And if you look at people who are age 20 to 24, they're at 9.2% unemployment and it is spiking.

Why is it spiking?

I can tell you from the front lines, hiring young people and being at startups with young people in them and talking to them about their contemporaries,

As companies cut and they use AI to solve problems, they're saying hiring young people and training them is not as rewarding or efficient as training an AI to do the same task.

Yeah, I can answer that.

Yeah, for sure.

He did say that.

He did also say in his memo before that, that he thought there would be a lot of changes because of AI.

And they had the leak memo that they would not be hiring those.

But I'm talking here specifically about youth people.

And so I'll take Jassy at his word, those 30,000 people are just redundancies.

But what I'm seeing on the ground, because I work with startups, and I work with young folks who are in them,

Their contemporaries are not finding jobs.

And the companies that we see and the companies that are selling the technology solutions are getting rid of what I'll call the like entry level white collar work.