Letters to M & E flags AI wealth squeeze

Big thesis, and the useful part is the clock it puts on the argument. This reads less like a product launch than a macro warning: AI may first supercharge experts who know how to use it, then flatten the routine professional work that used to bankroll upward mobility.

• –The interactive simulations make the argument feel more concrete than a standard op-ed, even if the assumptions are still open to debate.
• –The strongest practical takeaway is the near-term arbitrage window: domain depth plus AI fluency can outperform pure capital for a few years.
• –The bleakest claim is also the most plausible: if wage premiums keep shrinking while capital compounds, inherited wealth matters more and mobility gets harder.
• –For builders, the winning terrain is high-context workflows where judgment, trust, and domain expertise still matter, because that's where AI currently amplifies humans instead of fully replacing them.