The Fed Cheers as the Machines Take Over Jerome Powell stepped up to the microphone this week and delivered what the financial press is calling great news: America is entering a new age of rising productivity. The Fed now believes that artificial intelligence, post-pandemic tech investments, and new government policies are combining to create a surge in economic output. They’re even upping their GDP growth forecast for 2026—from 1.8% to 2.3%. Sounds like progress, right? Not so fast. What They're Not Telling You: Workers Are the Ones Paying the Price Underneath all this talk of "productivity" is one uncomfortable truth: companies are automating their workforce at record speed. Jerome Powell himself hinted at it—though you had to listen closely. “The…
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