Thursday, March 30, 2023

PM Lee Hsien Loong at the Boao Forum for Asia Annual Conference 2023 [22K views 3 hours ago]

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BLOOMBERG BYTES --- Why AI Is Sucking Up the World’s Wealth . . . . the richest 10% already hold 85.4% of global net financial assets

  Why it structurally shifts wealth from labor to capital The mechanism economists point to: AI raises the capital share of income relative...