There seems to be a total disconnect between the high unemployment and the market.

Borrowed 2.9+ T bucks!

The market may have recovered... temporarily. long term, it’s on very shaky ground

I am aware of the potential impact of the 4th Industrial Revolution and it is already in progress.

This article brought something up that I hadn't considered, and that is, the pandemic will encourage the adoption of more robotics and AI to replace workers at a faster pace.

Contrary to fairy stories that there will be an equal amount of jobs generated by that revolution, (using comparisons to past industrial revolutions) I haven't seen anything that indicates that there will be new jobs in the amounts needed to support the population at large. The jobs it does generate will be mostly highly technical and require intensive training and degrees, which will leave out many available current workers. Ah, robot dusters will not be a specialty, so to speak.

Keep in mind that, even though AI is young and does not live up to some of the luster and sci-fi in its aura, it is still going to impact white collar jobs and professions that one would assume would be vulnerable, so it is not just about automated labor.

We all know what that portends for most of us. Yang was trying to get that across. We would really have to be revamping the economy to account for this, (or go Banana Republic Dystopia quickly) despite the pandemic, and now it looks to be essential and a high priority ASAP. This is very bad time to have Republicans in control. Very bad.

wont all be bad. lots of folks have been trying to convince bosses that they could work from home.
now they have the data. dying to know what it will show.

And that will apply to a certain sector of workers. It is doable.

I did read an article about that that was a horror story though, because in the cases presented the employers were micro-managing the at home employees time on the computer to extreme degrees. Something to the effect that Amazon micro-manages the warehouse workers down to the microsecond.

That's rather stressful and certainly not desirable in the long-term as it can cause some psychological distress and burn out.

I realize there may be more reasonable at home scenarios depending on the company, but cracking the whip is not at all reasonable. It should be about the workload and what gets done, not timing your bathroom breaks and keystrokes. That's technology as dystopia and a hellish chain to the bottom-line.

who spends half his work days on fb, but now that he is working from home, not so much.

i am sorta hoping a lot of kids wont go back to school. home schooling has a bad rap from the fundie end, but the lefty homeschoolers are actually pretty amazing.
have a neighbor working from home, and his 5yo seems a little aspie to me.
wife is a full time mom, so it would be real doable for them. reminds me so much of my son, who is also probably on the spectrum. wasnt a word for that when we homeschooled, i just knew this kid couldnt sit w his mouth shut all day and survive.

i envy those parents now who are being handed everything they need.
i have to build the plane while flying.

ftr, this one still hates me for it, but he got a phd in math on a full boat, so...

Fundies took over and gave it a bad name.

I am a retired librarian. I always respected the way the homeschoolers used all the resources of the library for their kids. Many of the fundies did that, as well as the normal people.

As you said... AI dusters. That part is very sad

Then you end up with loads of shit being made and nobody with any money to buy it because they are unemployed and exhausted their unemployment benefits. That was preceded with Clinton's "Ending welfare as we know it."

Henry Ford figured out that if they ain't got no money, they can't buy his cars.

What are the investors seeing that makes them optimistic?

If the Dow dropped another 5-10K points, I'd say there might be a lot of bargains and it's time to get back in.
But the market isn't moving much up or down, but is stuck in what has to be an inflated range. Business profits in entire sectors are going to be nil this quarter, unemployment is at Depression levels, and nothing looks to change very much for the better.

I'm considering a theory that the big investors are trying to prop Trump up, as the only thing he's got going for him was the stock market rise.

(I notice they didn't give Obama any credit for a much more impressive performance.)