I recently had an in-depth conversation with a good brother of mine who works at a tech company in California, USA. He is a fairly typical middle-class Chinese American and shared with me his observations about America. First, regarding prices, beef and other meats have nearly doubled in the past three to four years, while oil prices have remained relatively stable, only increasing by 10-20% in the last month. These changes in living costs are still manageable for him. However, his biggest concern is AI and whether it will replace his job. His company has already gone through several rounds of layoffs, and very few of his former colleagues have found new jobs. He mentioned that the unemployment rate in the U.S. is not calculated as the number of people without jobs divided by the total labor force; rather, the denominator is the number of people actively looking for work. Many people stop looking after a while, so they are no longer counted in the denominator. This wave of the AI revolution is just beginning to impact society, so we’ll have to wait and see!