What’s on my thoughts as of late? Right here’s one factor. Primarily based on this Bridgewater article, out of any 15-year interval to be invested in US shares courting again to 1970, the one we’ve simply lived by was the perfect (2010 by finish of 2024).
I used to be a bit shocked to see this. I’m dissatisfied that the identical chart for progress in common inflation-adjusted employee revenue doesn’t look the identical in any respect. What does it imply for the long run? I do not know. Possibly our financial system is simply tilted in the direction of rewarding companies as an alternative of the common employee now, and excessive efficiency would be the norm. Possibly the subsequent 15 years may have horrible efficiency, however the common employee will earn a a lot better relative revenue. Will AI merely reward the large companies much more, or will we discover a option to distribute the advantages?