Allison Schrager

Economist Allison Schrager argues that the shift to an 'intangible economy' — one built on ideas, software and services rather than physical goods — is a source of widespread frustration and unhappiness. The column, distributed in syndication across US outlets, contends this economic transition helps explain contemporary grievances about work, growth and living standards.

Economist Allison Schrager argues that ordinary investors have become heavily exposed to artificial intelligence through pension funds, index funds and retirement accounts heavily weighted toward a handful of AI-driven tech stocks. Her warning is that the boom's concentration means a downturn in AI-related companies would hit nearly everyone's savings, not just speculative traders, making the whole economy vulnerable to a single sector's fortunes.