This is the truth: AI cannot make people earn passive income; it can only lead to unemployment.

Forbes: AI Employment Crisis Fuels Expectations of Federal Reserve Rate Cuts
The US February employment report shows a decrease of 92,000 jobs, whereas economists had predicted a gain of 50,000 jobs. Wealth Club investment manager Isaac Stell stated that the Federal Reserve is currently facing more complex policy challenges, as rising oil prices following strikes on Iran have heightened inflation concerns. Goldman Sachs analysts predict oil prices could break through $100 per barrel, while JPMorgan researchers warn they could reach $120 per barrel.
According to CME FedWatch tool data, traders are currently pricing in nearly a 50% chance of a rate cut by the Federal Reserve in June. Amid declining employment, Oracle and Block have announced layoffs in succession. Block CEO Jack Dorsey attributed a 40% reduction in staff to AI transformation, stating that smaller teams can accomplish more work with AI tools. Amazon has also announced layoffs.
Hirtle Callaghan Chief Investment Officer Brad Conger said that the February employment report continues the trend of a weakening labor market since last year. Block's 40% layoffs are a sign of job redundancies in the economy; AI is not replacing jobs, but layoffs are funding AI expenditures. $ETH
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