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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: tjscott0   😊 😞
Number: of 4460 
Subject: Re: Worldwide Inequality=Distrust Institutions/Gov&apo
Date: 10/28/25 9:22 AM
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fortune.com - Ray dalio america dependeny top workers industries fortune global forum
Ray Dalio says America is developing a ‘dependency’ on the top 1% of workers, while the bottom 60% are struggling and unproductive

On the surface, the going looks pretty good in the American economy. Wall Street is roaring, Silicon Valley is booming with potential, unemployment is fairly steady, and GDP is on the rise. A healthy picture, right?

“I think the issue is very much that you can’t look at the U.S. as a whole nowadays,” the Bridgewater Associates founder said at the Fortune Global Forum in Riyadh on Monday. He added: “You have to look at everything in terms of the very, very big differences and how those differences are handled.”

He explained: “If you’re looking at, let’s say, the AI world, and really what amounts to about 3 million people—1% of the population—leading, and then … the 5% or 10% around them, you have one world that the whole world is dependent on.

“And then you have the bottom 60% of the population.”
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