The productivity and wealth benefits of new technologies like AI are being captured disproportionately by top earners: in a 330 million person country like the US, the top 1% (3 million people) responsible for most changes are innovators at top universities creating unicorns, the next 10% do well, the next 30% are okay, but the bottom 60% have reading levels below sixth grade and are relatively unproductive.
factualpending
Speaker
Ray DalioEvidence Quote
“in a country of 330 million people 1% 3 million people are responsible for most of the changes if you were to look at that they are the ones who go to the great universities and they're innovators and they make the unicorns and so on then the other top 10% is those around them who then do well that next 30% is doing okay and the bottom 60% has a reading level that's below sixth grade and is not productive”
Source
Ray Dalio and Salesforce’s Benioff on AI, trade wars and new world order— CNBC International LiveCreated: 8/11/2026, 6:48:37 AM
My Notes
Loading notes...