Justin Lahart

It's just, you know, once you see it, you just remember it.

And it's hard to forget it.

The people just, they're so ticked off about prices now.

It's pretty much healthcare and social assistance is growing, and everything else is kind of dead in the water or shrinking lately.

AI isn't necessarily like replacing a lot of jobs already, but I think that a lot of CEOs believe deeply in what AI could mean for their workforce.

And that makes them more willing to let people go and maybe less willing to bring a bunch of people on because they think, well, you know, any sort of shortages that I might face in the future, well, maybe AI will take care of them.

I think we should bring up another thing that's going on, which is that, you know, there have been some big layoff announcements.

But really, you know, there aren't a lot of layoffs and there's not a lot of hiring.

So this low hire, low fire environment does different things for different people.

So people who are older, who are comfortable in their job, they're not worried, right, because there's not a lot of firing going on.

But people who switch jobs more frequently, so a lot of lower-income people will switch jobs more frequently, they're having a very hard time because you can't switch as often.

Yeah, I think the big one of the big stories next year is going to be concerns about inequality.

I have a sense that that there is it's not just sort of

people who are middle class being sort of angered by people who are upper class.

But I think that even within people at sort of, you know, at the upper echelons, that someone who's like at the 95th percentile, that there's sort of growing anger about what's happening, you know, at the very, very top.

And I think that that is going to be an economic story and a political story as we go into the midterms next year.

Thanks so much.

Thanks so much.

Great talking.

Thanks a lot, everyone.