Congress, Peskoe says, could make much more of a dent in an issue like this than a voluntary pledge. Lawmakers have introduced several bills to insulate consumers from the data center buildout, including a bipartisan bill in the Senate that seeks to shield consumers from price hikes and force data centers to build their own power sources. (Axios reports that the bill doesn’t have much of a shot of passing in a midterm year.)
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That dynamic—when one firm’s AI-driven restructuring is applauded by Wall Street, prompting peers to imitate it—is precisely the mechanism Zandi fears most. It’s not a single dramatic rupture, but a cascading series of rational corporate decisions, each one nudging the labor market closer to the edge.