The AI double squeeze: job loss and predatory debt | The Gray Area
Inside the financial double squeeze of AI job loss.Subscribe to our channel! http://goo.gl/0bsAjO
In today's episode, Vox senior reporter and producer Miles Bryan talks with writer Daniel Kolitz about his piece for The Baffler, "Paid Phones." Kolitz explains what it felt like to be among the first wave of workers displaced by generative AI. The two of them talked about how fintech payday loan apps use hidden fees and subscriptions to profit off of desperate borrowers, and how an online community on Reddit is organizing a quiet resistance against predatory lenders.
00:00 Intro
04:17 The golden age of SEO ghostwriting
09:39 The arrival of ChatGPT and job displacement
15:16 Entering the world of “friendly” cash advance apps
24:37 The Reddit ACH revocation community
31:59 The economic outlook of AI job loss
36:24 Climbing out of debt
Guest Host: Miles Bryan, Vox Senior Producer and Reporter
Guest: Daniel Kolitz, author of Paid Phones
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