June 3, 2026

Everyone’s Talking About AI Spending…But It’s Not the Only Thing Holding the U.S. Economy Together

Inventions create work

I know there is a bear case for AI — namely that it will spark a job apocalypse.

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We’ve written about it extensively on these pages.

But that is true of every innovative technology. If history is any guide, other, better paying jobs are always created.

The invention of the car made buggy-whip makers miserable until they found work on the Ford assembly line.

BTW, another major reason for the AI build-out is Trump’s tax and regulatory agenda.

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His “Big Beautiful Bill” is one of the best pro-growth pieces of policy in recent history with its major tax incentives for business investment.

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