Why Aren't We Partying Like It's 1999? – Paul Krugman
Posted3 months agoActive3 months ago
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Economic GrowthProductivityConsumer Behavior
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Economic Growth
Productivity
Consumer Behavior
Paul Krugman's article questions why consumer spending hasn't increased more significantly despite economic growth, sparking discussion on the factors influencing consumer behavior and economic indicators.
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Oct 7, 2025 at 6:54 AM EDT
3 months ago
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3 months ago
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It's actually probably because people are thinking AI is going to be more useful than junior hires. The thing "bouying up the economy" is at least in part the thing causing the effects the AI is "masking".
If economic growth would be all that counts, countries like China, Saudi-Arabia and even Belarus would be better places to life in:
https://en.wikipedia.org/wiki/List_of_countries_by_real_GDP_...
So I don't see any reason for correlation here, but it not like either index nor their relationship are any indication if the AI bet will actually pay off