We're Missing a Key Reason Why Americans Hate AI

AI was widely promoted by its builders as a technology that would dramatically reduce prices and create material abundance, but the opposite has occurred—AI development is instead contributing to rising costs across the economy while creating billionaires, intensifying public frustration about affordability. This contradiction between AI's promised abundance and its actual inflationary effects represents a key overlooked reason for widespread American skepticism of the technology. Americans already deeply frustrated with the cost of living now see AI development as part of the problem rather than the solution.