George Gammon (Rebel Capitalist) warns that Meta’s latest round of massive AI-driven layoffs is the “canary in the coal mine” for the U.S. economy, which he says is artificially propped up by sky-high asset prices and relentless passive inflows from employed workers into index funds. He argues that widespread white-collar job cuts (even if blamed on productivity gains) will shrink those inflows, undermine the stock market’s support for consumer spending and GDP, and risk tipping the propped-up system into recession.
