@sriramk There'll still be some private ownership of things. And public (gov't) ownership/control of things. The balance likely will shift. For people that own parts of AI infrastructure, wealth will likely grow. The real question is what happens to those who don't own any part of it.
Even if we had zero additional inflation for the rest of the year, CPI would not reach Fed’s 2% target (applying pre- or post-COVID averages brings it down much less)
@biancoresearch@BLS_gov@ClevelandFed
The federal government's boosted unemployment checks have created a bizarre distortion in the labor market, where holding on to a job doesn't guarantee being financially better off than losing one. https://t.co/PbfVw4XnRC