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

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 what you thought of this episode, email us at thegrayarea@vox.com or leave us a voicemail at 1-800-214-5749. Your comments and questions help us make a better show. And you can watch new episodes of The Gray Area on YouTube. New episodes drop every Monday and Friday. Listen to The Gray Area ad-free by becoming a Vox Member: vox.com/members Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com. Watch our full video catalog: http://goo.gl/IZONyE Follow Vox on Facebook: http://goo.gl/U2g06o Or Twitter: http://goo.gl/XFrZ5H

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