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The REAL Reason Companies Have Stopped Hiring
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June 9, 2026
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21:14Now PlayingThe entire valuation of the AI industry is built on one thing: your job disappearing. Nick Hanauer, the first non-family investor in Amazon and one of the most influential venture capitalists in the world, says you cannot reach trillion-dollar valuations unless AI displaces millions of jobs. That is not a side effect. It is the business model.
In this debate, Hanauer and entrepreneur Daniel Priestley disagree on how bad the disruption will be and what to do about it. Hanauer argues that AI companies have effectively stolen humanity's intellectual property, monetized it for free, and concentrated the value in the hands of a few. He supports Bernie Sanders' proposal for the US government to own 50% of AI companies and recycle the profits into a sovereign wealth fund to cushion the disruption. He calls this "common sense," not socialism.
Discover:
• Why AI company valuations mathematically require massive job displacement
• The case for the US government owning 50% of AI companies
• How a husband-and-wife team used AI to build software and hire 10 people
• Why the last time this level of disruption happened, it produced Karl Marx
• The Anthropic engineer who says they feel useless because AI writes all their code
• Why the UK government is 10x more likely to let someone die than fire them
• Why both experts agree: "It gets ugly" before it gets better
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