Meta is increasing AI spending while pausing hiring.
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A Once in a Lifetime Economic Reset is Coming.
Jun 5, 2026
The creator discusses a historic divergence between US job openings and sales, suggesting corporations are using technology like AI to reduce headcount while boosting profits. Despite historical precedents where technology didn't significantly harm jobs, AI appears to be different, starving traditional sectors of capital and leading to a standstill in areas like transportation and housing, while semiconductor and data center spending surges.
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Microsoft is increasing AI spending while pausing hiring.
Google, along with other tech giants, is increasing AI spending while pausing hiring.
Amazon has shifted from significant hiring to investing nearly 100% of its cash flow into AI infrastructure.
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