Aug. 6 at 7:09 AM
$PLTR Someone asked me: “AI boosts productivity, so AI‑company stocks should skyrocket. Why are you still bearish on them?” Here’s my response:
In 18th‑century Britain, a stage‑coach driver earned roughly £4.3 per month before tips, bringing total income close to £10 including gratuities. Adjusted for purchasing power, that equates to around
$3,500 in today’s money. How much do Uber drivers make per month nowadays? And Uber rides are far faster than horse‑drawn carriages! AI has lifted overall societal productivity, yet social class structures remain unchanged. Therefore, it does not fundamentally alter income distribution across society.
