So Morgan Stanley argues that affluent, college-educated, urban ('CHIC") consumers will benefit most from AI adoption on net, dispelling fears that white collar exposure leads to spending weakness.
Significant equity wealth, productivity-driven wage growth (still to come?), and long-term services disinflation provide powerful offsets to entry-level labor displacement.
So Morgan Stanley argues that affluent, college-educated, urban ('CHIC") consumers will benefit most from AI adoption on net, dispelling fears that white collar exposure leads to spending weakness.
Significant equity wealth, productivity-driven wage growth (still to come?), and long-term services disinflation provide powerful offsets to entry-level labor displacement.
Feels true