Hey, I'm Kramer.

Welcome to Mad Money. Hey, I'm Kramer.

Welcome to mad money.

Welcome to Kramer.

Other people, big friends, I'm just trying to save you some money.

My job is not just to entertain, but to put things into context to do some educating.

So call me a 180743 tweet me at Jim Kramer.

Today we got a glimpse of an ugly future, a world where we run out of white-collar jobs

because artificial intelligence destroys employment as we know it.

That's the principal reason why the Dow plunged 822 points.

S&B dropped 104% and the NASDAQ tumble 1.13%.

The consumer staples reward because they're textbook recession stocks and are winners in the jobless

world. You buy them whether you want to buy the product, whether you like them or not.

Frankly, I don't believe that AI will wipe out the white-collar workforce.

Let me give it to you straight, though, because I don't think the narrative you're going to hear about today is going away.

I think it will hurt the price earnings multiples, what we pay for a host of stocks, causing them to drop without seeming, well, let's say, anything being wrong.

See, yesterday in Outfocult, Citrini Research and-Opsha, two sources I never heard of until today, frankly, put out a stunning, well-written, incredibly pessimistic paper called the 2028 global intelligence crisis.

The piece starts with a provocative question. What if our AI

bullishness continues to be right? And what if that's actually bearish? Very interesting.

God, it just drew me right in. What follows was a dystopian tale set in 2028 of incredibly

high unemployment and incredibly low consumer spending

because the robots will replace us. Apparently humans are nothing but friction. As AI gets better

...