Nouriel Roubini

So there are these signs that there is this increase in productivity growth across the economy.

So everybody has to have an AI strategy.

So everybody's doing CapEx.

It's not just a MyOperScaler story.

Well, we need it because we have a bottleneck of skilled labor.

You know, TSMC is building a factory in Arizona.

I spoke with people in Taiwan.

I said, we don't have the skilled workers in Arizona, so they have hundreds or thousands of engineers there.

of tsmc going there initially for a few months now they'll have to be there for a few years so you need a more intelligent immigration policy with more h-1b visas so that skilled workers can work in the united states but even if we had net migration that was close to zero i think the increases in productivity growth driven by the clouds of the future and ai is one of the 15 of them everybody's obsessed with ai is just one piece of the story there are 15 other sectors

where there is a productivity growth because of technology of the future.

So that's going to lead to an increase in productivity growth, regardless of job creation.

That's why there is a gap between GDP and jobs, because there is a boom in productivity growth.

So that's what's already happening.

We don't have the workers.

We are cutting back on net migration.

We are deporting people.

And growth is actually accelerating rather than decelerating.

You know, I think that Trump is going to be more a temporary exception rather than a radical change of the U.S.

Yes, there is a little bit more populism because there are plenty of people left behind.

Some of them vote for the progressives.