1) Era of Stagnation https://rootsofprogress.org/technological-stagnation#:~:text=Thiel%2C%20along%20with%20economists%20such,round%20number%2C%20since%20about%201970
2)https://mindmatters.ai/2021/10/peter-thiel-says-forget-the-hype-big-tech-is-slowing-down/
3) Weinstein says that R&D labs and Research Universities hire mostly want cheap labour in the form of Phd and Postdocs (mostly foreigners who can be exploited based on their Visa status). https://youtu.be/nM9f0W2KD5s
I take the opinion of Peter Thiel seriously because he is the member of powerful Beilderberg group.Clearly elites are not happy.