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Dean Baker questions the concerns over Social Security funding in light of current stock market valuations.
He argues that if the prices of SpaceX and other AI companies are considered rational by investors, then there is no reason to worry about the ability to pay Social Security benefits.
Baker has previously called for caution in reading labor statistics, noting that the April uptick in job openings is not a definitive labor market signal and should be viewed carefully, according to recent commentary. He has also reported a sharp drop in factory construction in the U.S. despite $18 trillion in foreign investment during the Trump administration. These assessments add further context to his skepticism regarding widespread economic concerns.