The rich have way too much cash and desperately want another recession so they can buy cheap assets. Consumers, the overall job market etc. Are trending the other way and messing up the cycle of boom/bust. In this particular instance, I am fine with the layoffs… as long as they keep paying the people they laid off. Paying people whose jobs are automated should have started at least as early as the industrial revolution.
I am a PM in biotech. Please let me know if you’d prefer scientists or engineers to manage people and projects.