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Dalio Warns U.S. Economy Dependent on Tech Elite

10/28/2025

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Summary

Story summary

Ray Dalio warned at the Fortune Global Forum in Riyadh that the U.S. economy relies on a small tech elite.
He said about 3 million tech workers, 1% of the population, are critical, while 60% read at or below a sixth-grade level.
Dalio argued this disparity fosters dependency and threatens economic stability.
He warned that concentration of power and capital could spark a dot-com bubble, with domestic and global risks.

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Story summary

Ray Dalio warned at the Fortune Global Forum in Riyadh that the U.S. economy relies on a small tech elite.
He said about 3 million tech workers, 1% of the population, are critical, while 60% read at or below a sixth-grade level.
Dalio argued this disparity fosters dependency and threatens economic stability.
He warned that concentration of power and capital could spark a dot-com bubble, with domestic and global risks.