Silicon Valley's Strange New Obsession

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*** Sources ***

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Silicon Valley is no stranger to a lot of goofy insider terminology for what are really, some pretty basic concepts… move fast and break things, building in public, minimum viable personality, vibe coding, 10X, AI native, Cloud Native, Crypto Native, Post Scarcity, post abundance, pre revenue, pre idea, Uber for Agentic Software as a service with taste and trust as a moat… is all more or less the same way of saying… “we are out of capital runway and we need another funding round”.
Now as fun as it is to joke about all of this, the reality is that most of the people actually inside this industry are aware of how silly this all really sounds, (and as a former finance bro… I can't exactly throw too many stones in the glass house of dumb buzzwords)
BUT there is one new buzzy phrase that is generally being taken a lot more seriously, and is also a lot less funny…
[clip of people saying “escaping the permanent underclass”]
“Escaping the permanent underclass” has become a warning that your value as a human being is on a strict depreciation schedule, and that these next few years may be the last opportunity we have left before society is forever split between the people who own enough assets to support themselves independently in a fully automated utopia…
…and everybody else who has no further value (at least so far as the market is concerned) because their labor has been entirely undercut by machines…
It’s pretty grim stuff, (and putting aside the small little technicality that this is the future they are working hard to create), this idea is being taken seriously enough that it’s worth understanding… why…
Why does silicon valley think they are going to create a permanent underclass, what steps are they taking to make sure they are on the right side of the widening demographic gap… and why are they treating this like it's an inevitability?