
The recent strong growth of the overall economy may have masked the difficulties faced by many households, especially middle- and low-income families. This view also aligns with the persistent economic anxiety felt by the American public. On the other hand, in this economic landscape known as a "K-shaped recovery," the situation for high-income families is improving.
Lisa Simon, Chief Economist at Ravel Research, stated in an interview with Yahoo Finance that after the Great Recession ended, the recovery speed of the U.S. GDP far exceeded that of the job market. A similar phenomenon of "jobless growth" also occurred during the economic recovery phase following the dot-com bubble burst.
Starr believes that the development of artificial intelligence and expectations of productivity improvement may also continue to drive the U.S. economy forward on a broader scale.
Starr said, "If we temporarily set aside GDP and stock market performance and focus solely on the job market, it's not hard to see that the current overall trend clearly leans towards a further increase in the risk of economic downturn."
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