Beneath the AI Bubble, the Economy Looks Bleak
The US economy seems to be doing gangbusters lately, largely thanks to incredible booms in the tech sector. The stock market is booming — the S&P 500 hit 15 record closing highs so far this year, while the Nasdaq Composite boasts 17. The country's GDP is growing better than expected. Microsoft just became the second $4 trillion company in history, just weeks after Nvidia became the first. But those headline numbers don't seem to be trickling down to normal, working people. In fact, something i