The American economy is currently going through a paradox, where while the wealth of billionaires is reaching new heights, common workers are struggling with rising inflation and uncertainties about the future. Last week its glimpse was visible in two incidents. On Wednesday, the Labor Bureau reported that rising energy prices (electricity, gasoline, gas, diesel) nearly wiped out the average American worker’s real wage growth over the past year and a half. Elon Musk became the world’s first trillionaire after the IPO of SpaceX on Friday. According to economists Gabriel Zuckman and Emmanuel Saez, in the so-called “Gilded Age” of the late 19th century, the wealth of the richest Americans was equal to about 3% of the country’s annual economic output. Today, the wealth of America’s top 0.00001%, or about 20 people, has reached 12% of national output (the output produced annually by American companies in the US and other countries). Experts say that American history The concentration of wealth at the top has never been seen before. According to Harvard University professor Stephanie Stantcheva, the continued boom in the stock market has created a feeling that the economic system is working more for a select few. Although more than half of American households hold investments in the stock market, either directly or through retirement funds, Federal Reserve data shows that the wealth of the middle class has grown at a slower rate than that of the wealthy. Inflation in the United States has risen to its highest level in three years. As a result, American households have already faced the highest inflation rates in four decades. Artificial Intelligence (AI) has emerged as a new concern. The heads of many technology companies have warned that AI can affect many categories of jobs in the coming years. When technology companies themselves send the message that their technology can destroy people’s jobs, then the debate against it has become more intense than before in America. Inflation is the highest in the US. – The pace of increase in the wealth of the rich has been slow. – Many big IPOs of AI companies have benefited from the recent increase in the income of the rich. It is not unusual for the rich to struggle with the rising wealth of big IPOs. According to economists, this is an unfair burden on their budgets as rich people cope with inflation relatively easily. According to surveys, many workers are concerned about the impact of AI technology on their careers. Voters in many states have expressed their opposition to the construction of data centers in their areas. They are talking about its impact on their electricity bills, water supply and air quality.
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अमेरिका में मिलने वाले प्रति घंटा वेतन में गिरावट जारी: मध्यम वर्ग की आय धीमी गति से बढ़ रही, एआई से भी बढ़ी समस्या
