| ▲ | toomuchtodo 4 hours ago | |
Trillions of annual US equities profits will continue to go to the top ~10% of households holding ~93% of US equities. Tech didn't create disinflation for decades, globalization and China manufacturing with ~1B people to the world did (only recently has China scaled up robotics and automation for manufacturing in preparation for their population decline due to forward looking structural demographics). Just like good blue collar jobs were shipped overseas, good knowledge jobs are going to be shipped to GPUs whenever they can. | ||