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Are you not aware of the stagnation of wages and the growing wealth disparity?
I am aware, my point is that where AI is being trained isn't relevant to how it will impact economics. AI will replace service jobs, but doesn't appear to create new job opportunities.
Wages have not yet kept up with the extraordinary cumulative inflation during the previous administration. That takes time. Where is your evidence that the 8 wealthiest citizens are the cause of that effect?
Of course, you're entitled to your opinion. But not your facts.
I'm not just talking about the last administration, but since the 80s.
Why would there need to be a possibility of complete liquidation for there to be disproportionate influence and increased disparity between middle income and those at the top? In fact, the real issue with the wealth disparity is that those at the top can leverage debt without spending a dime or touching their assets. So there's no need for them to be able to liquidate at all.
And what job opportunities have those investments created? How much of that spending was on resources and infrastructure vs employment?
Still need your evidence that wealthy people are the cause of inflation?
It is an inaccurate measure of those individuals wealth in dollars. Why do you think that 8 wealthy people caused a "disproportionate influence and increased disparity" is the question?
Why would the wealthiest people borrow more of what they already have in abundance?
? Jobs immediately created include construction workers, pipe fitters, welders, cement truck operators ... I don't think I need to go on further.
All jobs are temporary and persist only as long as demand for the output of those jobs continues. An increase in the quantity demanded of goods and services (such as those demanded by AI) will cause a corresponding increase in the quantity supplied for those goods and services. That means new jobs or fewer lost jobs (ECO 101).
