No but the point I was making was that AI investments at least generate jobs and allow money to flow to people, stock buybacks don’t even do that and are much bigger in magnitude.
Nobody said they don't, but these are very few highly payed jobs dwarfed by the number of lost jobs due to capital misallocation. That's the point of the OP which for some reason got lost in discussions of unrelated issues like outsourcing.
Besides, a lot of the AI investments go to Taiwan and other Asian countries where all of the AI hardware is made which makes non-AI hardware more expensive too - a huge cost on the economy. The recent Taiwanese factories in the US don't change that.
