The Crossplay Cooperative E012 - We Built this Podcast in a Cave! With a Box of Scraps!!

perfect.

So perfect, in fact, that Xbox CEO Ashish Sharma has been named advisor to the U.S. Federal Reserve Task Force for Productivity and Jobs.

This is from Marcus Stewart, a game informer.

All right, the U.S. Federal Reserve has announced new task forces for advancing monetary policy.

This is led by Chairman Kevin Walsh.

The list of advisors for each task force includes Xbox CEO Ashish Sharma.

The Federal Reserve's commitment to price stability and maximum employment is unwavering, as is our resolve to pursue our mandate with rigor, writes Chairman Kevin Walsh in a press release.

The US economy has changed significantly over the last generation and never more so than right now.

Each task force will carefully consider whether policymakers' means and methods, analytical tools, policy approaches can be approved upon.

He just goes on and on.

But basically there's five... task forces they are communications balance sheet policy data productivity and jobs and inflation frameworks and each of them will be co-led by external advisors with deep expertise in their fields so it looks like Atashama is one of the three advisors for the productivity and jobs task force which is interesting considering she just fired 3,000 people last week

Well, I guess particularly given that that task force is focusing on how AI and other technologies are changing the labour market.

I mean, yeah, she's kind of at the forefront of changing the labour market and replacing people with AI.

So I guess it makes sense.

It makes

sense if you're replacing jobs.

You need to have something for those people to go to.

And in terms of your economy, if your population has no money to spend, then you're – especially being a consumer economy, like the American economy is, your consumer base, which is your population, needs to have money to spend.

And if they don't have jobs, they can't spend money.

Yeah,

especially when you're talking about pretty highly skilled jobs like developers.

And again, I'm not quite sure where I heard this stat, but I was – I remember hearing something floating around that there was the likes of something like around an expected 12 month wait time for developers in the US to find more development jobs after they've been laid off just because of the sheer numbers of layoffs in the sector.

So I'm not actually sure how accurate that is and I can't back it up with any actual references.

But yeah, man, that was just sounding like a sort of crazy nightmare situation where we just have to be looking at finding a new career at that point.

Yeah, that's grim, isn't it?