Summary

• The K-shaped economy has become shorthand for a tidy story.
• Is the K-shaped economy a myth?
• Goldman Sachs estimates that around 300 million jobs globally are exposed to AI automation and that the technology could handle tasks making up roughly a quarter of U.S. work hours.

The K-shaped economy has become shorthand for a tidy story. The rich pull away while everyone else falls behind. It fits the mood, and it makes for a sharp headline. The problem is that it’s mostly wrong. When you pull the actual