Summary: Many Americans are worried about the economy and feel that Trump is not addressing key issues effectively. There is a debate about whether government spending should be included in GDP calculations, with some arguing it distorts the true economic picture. Additionally, concerns about AI’s impact on wages and inequality are growing, as its benefits may not be evenly distributed.
In the O-Ring theory, all the smart workers cluster together in a few superstar companies and a few rich developed countries. If AI is like that — if you have a few superstar companies and a few rich countries using it to their advantage, while everyone else languishes — then the result of AI could be low long-term growth coupled with massive inequality. (View Highlight)