Latest / Wages and Prices with Fexingo: Cost of Living, Pay Raises, and Workers' Purchasing Power
The AI Economy Is Rewriting the American Dream for Blue-Collar Workers
In the debut episode of Wages and Prices, Lucas and Luna examine how the AI-driven economy is reshaping the American Dream for blue-collar workers. With the S&P 500 down 1.2% in the past five days and the Russell 2000 falling 3.4%, small caps are getting hammered. Meanwhile, average hourly earnings crept up to $37.40 in April, but CPI hit 332.4, eroding purchasing power. Lucas explains why the AI boom may actually benefit tradespeople and factory workers more than knowledge workers. They reference a recent CNBC headline and discuss how Kevin Warsh's upcoming swearing-in as Fed chair…
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