> the stock market is up

> grocery bills are up too

> "the economy is booming"

> the economy is 7 companies buying GPUs

> AI acts like a dam, trapping the gains up top

> 100x more productive, 0x more hires

> the surplus goes into more compute

> stocks at all-time highs, wages flat for decades

> the ladder has been pulled up

> the middle rungs are being automated away

> what's left is the top and whatever robots can't do yet

> equity or hardware is the new entry ticket

> the trickle-down valve is welded shut

> the economy splits into above the dam and below it