Impact of Inflation Reduction Act, Electric Vehicle Prices, and AI on Economy

This chapter explores how the inflation reduction act has led to lower prices for new cars and electric vehicles, thanks to investments in batteries and electric vehicles. It also delves into the challenges faced in reshaping the economy and global supply chains, including Ford's production cut for the F-150 Lightning. Furthermore, the chapter addresses the impact of AI on the labor force and economy, acknowledging that new technologies will bring changes to job compositions and required skills.