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The boom your paycheck missed
The author argues that strong economic growth has not translated into a sense of financial relief for many households, with rising everyday costs such as California petrol prices contributing to the gap. They say the economy needs more affordable, plentiful energy to help wages keep pace and to power the expansion of artificial intelligence.
The article cites 165,000 jobs added in October, 100,000 more than expected, unemployment at 4.1%, and estimated third-quarter GDP growth of 3.4% at an annual rate. The author argues against freezing data-centre development, saying developers should cover their costs while energy supply expands; the supplied text gives no further details on how that would be done.
In short
- Job and GDP figures are strong, but many households still feel squeezed.
- The author says energy costs are part of the problem.
- They favour expanding power supply and making data-centre developers pay their way.