Chinese courts ruled AI adoption can't justify firing workers, forcing tech companies to budget for expensive transitions that could increase global gadget prices.
I think a statistic I saw recently was that nearly 50% of American consumer spending is attributed to the top 10% of consumers.
Which would largely indicate that it doesn’t matter because those who have the money will continue to spend it and those that don’t will continue to get poorer.
This is what’s happening to Vegas, the number of visitors is dropping but the casino profit is increasing. The city no longer caters to the middle class but to millionaires.
I think a statistic I saw recently was that nearly 50% of American consumer spending is attributed to the top 10% of consumers.
Which would largely indicate that it doesn’t matter because those who have the money will continue to spend it and those that don’t will continue to get poorer.
This is what’s happening to Vegas, the number of visitors is dropping but the casino profit is increasing. The city no longer caters to the middle class but to millionaires.