Mike's Minute: Why the increased cost of labour will hurt our economy
In America at the moment there is a lot of talk about the “K” shaped economy.
Car dealers see it. If you have a good, safe job, good income and you're in the markets invested in AI (before it all pops) you are feeling good.
You are the upward bit of the “K”. You're buying a flash new car with carbon add-ons.
If you've been laid off, or about to be by a robot, you hate AI because you never earned enough to buy stock anyway and your SNAP payment hasn’t come through because of the shutdown and you're holding onto your car, not to mention sweating on making ends…
The skinny
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