Irrational statement with little thought : "The fastest way to destroy jobs would be to give everyone a minimum guaranteed 'living wage'. Too many people would be content to do nothing." Very disappointing to read this here. There are many ways to construct a GAI including a negative income tax which can empower low wage earns to seek jobs and better themselves potentially moving themselves off handouts. Yes there are those that can/won't leave handouts but what would you do line them up against a wall and shoot them?

As for the role of AI, the transition will be devastating for most. The rate of change from AI and robotics will accelerate and the question will not be jobs but how fast humans can retool their thinking and training to keep up. If you haven't you should read Alvin Toffler's Future Shock.

It's a real shame (in many ways) that there isn't 2 GDP figures - one for the 99% and one for us!

Generally when it's too good to believe - it is! Time and details will tell.

If you're right it means a 30 year bull market in investment newsletters :(

I would expect collaborating numbers from IRS, at least at an aggregate level. Employment income should be a good measure of 'quality' which ca adjusted for comparison purposes e.g. labor force participation and employment. Unlike those in the Panama Papers. employed workers are watched vey carefully by IRS.

All the money printing, while ultimately disastrous, certainly does kick the can down the road. It seems to be kicking the can farther than most thought possible - any analysis on Can Kicking distance?

Frightening when you think how the US became the United States of America!