The AI Boom's Missing Ingredient: Workers' Share of Income The American economy is poised to undergo significant changes driven by the potential of artificial intelligence to boost productivity and wealth.
Treasury Secretary Scott Bessent and Federal Reserve Chairman Kevin Warsh have already begun praising this new era, predicting that the AI boom will be so deflationary it could wipe away the country's $40 trillion debt.
However, a closer examination reveals a more nuanced picture.