TechFlow news, October 25 — On October 22 local time, Nobel Prize-winning economist Paul Krugman wrote on the U.S. subscription platform Substack that "currently, the U.S. economy is in an abnormal state on multiple levels.
The most immediate problem is that the government shutdown has delayed the release of the September employment report, leaving policymakers in a 'partially blind' situation." He said that while U.S. economic data appear superficially acceptable, a deeper analysis reveals that many objective indicators show warning signs flashing red for the U.S. economy.
He said this "abnormal" state is first reflected in severe economic divergence: artificial intelligence is booming, while other sectors have stagnated.
Second, the economy shows signs of "freezing" in many aspects: although there has not yet been widespread layoffs, it remains difficult for unemployed individuals or those newly entering the labor market to find new jobs.
Third, although investment in artificial intelligence has driven economic growth, this growth shows a "K-shaped divergence," and signals that middle- and low-income consumers are struggling have become very clear. (Jinshi Data APP)
