The Purchasing Power Paradox #shorts #AI #Wages

本站添加: 2026-05-26

[00:00:00]So the paper says the AI optimists are confusing productive capacity with purchasing power. Can you explain that statement?

[00:00:07]>> Well, I think it's fairly simple. I think what we're doing is we're looking at corporate profits. We're looking at the way the stock market is going. We're looking at earnings. We're looking at all the things that that go into profitability and uh and productivity.

[00:00:23]And what's happening is that is masking the other effect that we're losing jobs.

[00:00:29]average wages are average wages if you if you do it on a on a population basis is actually going down and and so that is the that's the reason that there's there's a confusion. We look at the stock market and say everything is going well and for that segment of the society it is but as a total economics it's not as healthy as it looks.

[00:00:51]>> What does it mean when the paper says the problem is a circuit? Well, the circuit problem is just that that if the money at the top is being siphoned off into savings and interestbearing instruments and investments, if it's being siphoned off into into those kinds of instruments, it's not being used to purchase goods and services. And so, it's it's kind of being removed from the it's being removed from the economy. And that's what's slowing down the economy.

[00:01:20]And that's what's going to prevent us from having full uh appreciation and full value of the AI because the purchasing power of the of the citizen is going down. And the circuit is the circuit of having some of that productivity cycle back into the into the population that is then used to purchase goods and services. And it's the it's the speed of that engine of that circulation engine that circuit that is going to determine how much value we ultimately get out of AI. I