These are the people who buy the houses, the cars, the vacations, the restaurant meals, the private school tuition, the home renovations. The administration, to its credit, recognized the structural nature of the crisis early and began entertaining bipartisan proposals for what they’re calling the “Transition Economy Act”: a framework for direct transfers to displaced workers funded by a combination of deficit spending and a proposed tax on AI inference compute. The gains from the productivity boom accruing almost entirely to the owners of compute and the shareholders of the labs that ran on it has magnified US inequality to unprecedented levels.
Author: Citrini, Alap Shah
Published at: 2026-02-22 20:56:18
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