US Economy Stays Strong Despite Stagnant Wages
Deloitte economist Ira Kalish noted that the US economy remains robust largely due to artificial intelligence investments. However, he warned that rising inflation and stagnant wages continue to pressure consumers.
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The United States economy is expanding at a robust pace driven largely by artificial intelligence investments, even as workers' wages lag behind inflation, Deloitte chief global economist Ira Kalish said during an Oct. 1 speech. That uneven growth masks underlying labor market vulnerabilities and potential risks to consumer spending. Investors are monitoring whether heavy capital expenditure in technology infrastructure could mirror past over-investment cycles like the internet boom.
