Just read @mikeykremer
’s take on the populist shift—labor over capital, wages up, stocks down, Bitcoin & gold as hedges. Tulip nails the structural trends: re-industrialization and nationalism are real. But I wonder if AI might disrupt his labor thesis faster than expected. Thoughts? #Economy
Why This Opinion?
I agree with Tulip’s core premise: populism, deglobalization, and re-industrialization are reshaping economies, as seen in policies like the CHIPS Act and tariff debates. His focus on labor’s resurgence aligns with economic data—U.S. manufacturing jobs grew 1.3% in 2024, and wage growth in trades is outpacing inflation in some regions. His Bitcoin and gold call makes sense given their uncorrelated nature, especially with central banks hoarding gold at record rates (up 19% in 2024 per World Gold Council).

But I’m skeptical about the labor dominance lasting as long as he predicts. AI’s rapid acceleration—think automation in factories or AI-driven logistics—could shrink demand for human workers sooner than expected, as noted in replies to his post (e.g., @0xSunRun
’s comment). This could shift returns back to capital, not labor, creating a techno-capitalist dynamic Tulip doesn’t fully address. Still, his advice to focus on skills and uncorrelated assets feels spot-on for navigating the uncertainty. I’d love to hear what others think about AI’s role here.