We are witnessing the rise of a new aristocracy
- Apr 12
- 1 min read
NEW YORK TIMES — Left on its current course, A.I. could deliver a bleak picture: lower- and middle-income jobs automated away, with top earners remaining unscathed. Income shifting from middle-wage workers doing the bulk of the labor toward those wealthy enough to bankroll the technology. Growth headwinds. Worsening affordability.
So, too, a federal government less able to respond, thanks to a shrinking tax base.
For any society in which this much wealth gets concentrated in so few hands, and is then so easily parlayed into political clout, the question becomes one not just of economics but of basic civic standing.
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