Suck in the middle: the hole in America’s consumer base

<p>The past few years have proved tumultuous both for American consumers and for retailers selling to them. The end result is a <a href="https://www.economist.com/business/2023/05/02/the-business-trend-that-unites-walmart-and-tiffany-and-co?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">curious slump</a> for middle-of-the-road brands. Artificial intelligence like ChatGPT stands to disrupt everything from art to coding; we self-interestedly explore probable effects <a href="https://www.economist.com/business/2023/05/04/artificial-intelligence-is-remixing-journalism-into-a-soup-of-language?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">on journalism</a>. And remembering <a href="https://www.economist.com/obituary/2023/05/11/ranajit-guha-revolutionised-the-study-of-indias-past?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">Ranajit Guha</a>, a historian who saw a different India by looking bottom-up.&nbsp;</p><br><p>Take our listener survey at <a href="https://www.economist.com/intelligencesurvey" rel="noopener noreferrer" target="_blank">www.economist.com/intelligencesurvey</a></p><br><p>And for full access to print, digital and audio editions of <em>The Economist</em>, try a free 30-day digital subscription by going to <a href="https://www.economist.com/intelligenceoffer" rel="noopener noreferrer" target="_blank">www.economist.com/intelligenceoffer</a></p><p><br></p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>