Building for the K Shaped Economy
Building for the K-shaped economy is something I think all founders need to start considering. The K-shaped economy refers to a pattern we are seeing in the US and other western countries where we have some people doing very well. These are people working in tech, finance, law, and even trades earning more money than they ever have particularly for business owners. The other branch of the K we have people performing worse over time with lower wage growth and lower material conditions. The advent of AI has not helped this in some of those same high performing industries with thousands being laid off from tech companies, automation like self-checkouts removing roles for young people and less skilled staff. Computer science students, once all but guaranteed high paying jobs are now struggling to find work. ...