AI replacing human work is no longer a distant prediction—it’s already showing up in real-world business slowdowns where demand for traditional expertise is starting to fade.
In January, a 66-year-old IT business owner wrote on Reddit that he was drowning in debt and his income had fallen from $80,000 a year to just about $1,200 a month due to AI. He asked the community for practical advice on how to cut expenses and dig himself out of roughly $70,000 in credit card debt.
The poster said his total monthly income was about $2,900, including roughly $1,700 from social security and the rest from his declining IT business. His $70,000 in credit card debt is spread across 10 cards, along with additional obligations including an SBA loan…