- Propping up our entire economy and retirement savings
It's not "propping up the economy". The stock market is not the economy. If anything, AI is dragging the actual economy down further.
designed to replace workers without a safety net
It's not really capable of that except in a few tasks. For programmers, a lot of companies have overhired over Covid and have been looking for excuses to downsize without looking bad to investors, especially with the economy in recession. AI is mainly a convenient excuse for that