The Plutonomy—AI Edition—and the Coming Crisis
Driven by speculative finance, stagnant wages, and AI hype, today’s tech-heavy economy mirrors the fragile plutonomy that collapsed into the Great Crash of 1929.
73 articles
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Dear Dr. Dollar:
We’re hearing the economy is so good. We’re hearing that there’s plenty of jobs around and wages are up. But I’m not so convinced things are so great. The middle class is shrinking. Underemployment is up, and people don’t have health care. What’s the story? —Bruce Boccardy, Allston, Mass.