AI spending boom and its jobs impact debated
The FT says US business investment is booming, while commentators clash over whether AI and data centre spending help or mask weak jobs for graduates.
What we know
The FT reports the US is in an investment boom that has survived nearly two years of turbulence. An investor argued even unbooked data centres will get built given 12-15% returns, while Andrew Yang said 42-50% of recent grads are underemployed and data centre spending masks it.
Sources
“The world's largest economy is in the throes of an investment boom”
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“42 to 50% of recent college graduates are underemployed”
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