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AI Myth – College Educate, Benefit from AI – Morgan Stanley
- campervans 20d agoSo 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