Victoria Harris
👤 SpeakerAppearances Over Time
Podcast Appearances
And I was like, interesting.
And he was saying that people earning over, say, 200K a year tend to love AI because they're the ones that are invested in the stock markets.
It's been great for their investments.
Like, it's all the tech companies, the S&P 500, all of that has done incredibly well, mainly due to AI.
They're also the ones that don't feel the rising energy costs coming
from the power that AI is consuming.
Can you explain that?
So AI is a huge energy consumer, and that has also led to the rise in energy prices because they're using so much more of the grid and the electricity.
So if electricity bills are going up, say, 10%, 20%, if you're a high-income earner, you don't really feel that.
And you're benefiting because you've got your money invested in the stock market.
Whereas lower income earners, they don't have any money invested in the stock market or very little.
They're not getting that benefit.
All they're feeling is the energy costs going up.
And so they're also probably more worried about their jobs.
Like there's just...
AI is really creating a wealth divide from the wealthy, the unwealthy.
As if we don't already have that large enough.
And if you've got money that you invested in the stock market, that's benefiting from AI.
You're loving AI because you're seeing your investments go up.
That split is just getting more and more and more.