The AI double squeeze: job loss and predatory debt | The Gray Area

By Vox

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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 We would love to hear from you. To tell us wha

Tags: AI displacement, AI job loss, Vox.com, cash advance apps, debt economy, explain, explainer, fintech, ghostwriting, gig economy, payday loans, personal finance, predatory lending, subscription traps, tech layoffs, the gray area, vox