The AI productivity boom will soon make America richer, say the two leaders of the American economy—Treasury Secretary Scott Bessent and Federal Reserve Chairman Kevin Warsh—so much so that it’ll be deflationary; and enough that we can forgo worrying about our $40 trillion debt even.
But analysts are starting to wonder: richer for whom? Workers’ share of U.S. income has already fallen to its lowest level on record, while corporate profit margins keep breaking records quarter by quarter.
