E.J. Antonia

And so people are waiting on essentially not just some, but all of the provisions to finally kick in.

And that's when I think you're really going to see investment take off, which by the way, is exactly what happened during the first Trump administration.

They got that tax bill done the first go around, and then you saw an investment boom, which led to a hiring boom and a real wages boom-

So all the dials are really lining up here, Steve.

Even when we look at international trade, we're importing less and we're exporting more.

Production is up.

That's a good sign.

Not at the moment, Steve.

You're certainly going to have some jobs that are eliminated by AI, but you also have a lot of jobs that AI is being used to allow people to be much more productive.

And in those cases, you're actually seeing faster than normal wage growth.

And sure enough, what we've seen so far this year has been

average earnings growth outpacing inflation.

And that's why people's paychecks are not only getting bigger, but on average, you can actually buy more with those paychecks.

And so, yes, it's absolutely true.

Some jobs will get eliminated by AI.

That's true with every single technology.

But at the same time, it's creating other jobs and it's making other workers more productive, which, again, is a good sign overall.

Well, Steve, the people complaining about that had no problem endorsing the numbers, which, by the way, the methodologies are all the same.

Nothing's changed, right?

No one's actually gone in and cleaned house.