Artificial intelligence is supposed to be the engine of the next great productivity boom. But before it gets there, it’s going to cost you — and a growing number of Americans, especially young ones, are starting to wonder if that payoff will ever arrive.
That’s the converging picture across Wall Street research and Main Street sentiment. Goldman Sachs, J.P. Morgan Asset Management, and Stifel all recently agreed that the AI buildout is inflationary right now, and the technology’s promised productivity dividend remains elusive. Meanwhile, some of the sharpest critics are calling the whole thing a bust, and the workers being sold AI the hardest are pushing back the hardest.
