How Tech Bruhs have taken over the economy and are drivers of the pending economic collapse
Students were told to pursue tech degrees and are now being laid off from big tech firms in large numbers
Big Tech laid off 48,000 workers in the first three weeks of 2023
Tech was the wave of the future, but people are being left behind
Tech billionaires are building doomsday bunkers, in anticipation of societal collapse, a situation they refer to as ‘The Event’
It’s easy to say the ways in which technology affects our lives today. The simplest functions of making a phone call or choosing to notify someone via text or email, are all parts of technology improving our lives. But what about when Big Tech dislocates large numbers of the population through layoffs and firings, is that a good thing?
How Big Tech Bruhs have taken over our economy
Our economy is driven by large technology firms. Tech bruhs have taken over our economy and are now drivers of our economic collapse. Recent massive layoffs in the sector attest to that. In the first three weeks of 2023, over forty-eight thousand people have lost their jobs at Amazon, Google, Microsoft, and Salesforce. With the exception of Apple, whose CEO, chose to take a fifteen million dollar pay cut ($15M), an unimaginable amount, nonetheless he decided not to lay off, at least not yet.
The reasons given vary. Siting inflation and downturns in earnings are the common reasons given for the massive layoffs. However, these same firms earned trillions of dollars during the pandemic, when we worked from home and made large purchases of technology software and hardware to keep our home offices humming.
It begs the question, what did they do with all the incentives given by the government during the pandemic to firms who claim to have lost revenue because people stayed at home. And what about all those hardware and software purchases? Do these companies not save for a rainy day?
I believe the owners and operators of Big Tech do not value people. As usual, its profits over people any day of the week and is the standard operating procedure for these firms. If you look around us, this is not a good time for 48,000 people to be joining the unemployed list.
Wages have stagnated, inflation is at record levels, and yet big tech is furthering the economic malaise by reducing the workforce in large numbers. Their cries fall flat as the purchase price of a new iPhone is similar to taking out a monthly payment on a car, and any tech hardware purchase is like paying a mortgage.
I have come to believe that big tech owners (technocrats of our modern era) are not like the industrialists of a bygone era. In former times, industrialists donated huge sums of their fortune to support projects in their communities. They built libraries, funded after-school community activities, and funded hospitals, healthcare centers, and universities.
Today’s tech bros do nothing of the sort but amass increasing wealth and treat their staff like indentured laborers, all the while building doomsday bunkers in the mistaken belief that a societal collapse is imminent and unavoidable.
Bruh, (Tech) you are the reason for societal collapse. You created the scenarios where people cannot support their families as you continue to insist that your industry, technology is the only industry mankind needs, and governments are to fund and support your enterprises with substantial tax cuts and you get away with paying less than a reasonable sum of money or wages to the people who help you create that wealth.
Its time for a course correction to bring society back to some level of parity, where all people, not just those who own tech, but all people are uplifted by economic policies from the government and workers are paid more than a living wage, and companies do not get away with laying off eighteen thousand workers in one event, for no other reason than the owner wants a bigger paycheck.
Big Tech has some work to do.
Remember To: Never Look Back
Harriet Cammock is an author and podcast host. Connect with Harriet on Facebook, Twitter, and other socials, and follow her podcast, Down To Earth with Harriet Cammock on major podcast platforms.
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