In town halls across Virginia, a frequent complaint is that data centers are “suddenly everywhere” and that this growth can’t continue. A piece in BisNow, however, shows that even at the feverish building pace, demand for data centers continues to surge. “Demand for data centers continues to skyrocket,” the piece begins, “even outpacing a record construction pipeline, according to a pair of recent reports from real estate giants JLL and CBRE.”

Vacancy rates in data centers tell the story. “Despite the flood of new inventory,” BizNow reports, “vacancy across North America sits at just 1%, according to JLL. Within primary markets, CBRE reports vacancy falling to a record low of 1.4%, down from 1.6% a year prior.”

Another fear that people express in public meetings that that the artificial intelligence revolution that is upon us is going to displace workers, creating a crisis in income disparity. But Alex Taborrak writing in Marginal Revolution argues these fears may well be overblown.

“A common scenario,” he begins, “is that AI raises output enormously, but labor’s share of income collapses. GDP per capita goes up but workers get poorer, and making workers whole requires massive redistribution. In my latest paper, I run the numbers and conclude that this is probably incorrect.”

If AI enlarges the economy by increasing productivity, he argues, the laborers’ share of that much larger economy will also rise. His conclusion: “we could cut the working week in half under many scenarios and increase hourly wages above the non-AI benchmark and make both capital and labor better off.”

As he notes, “Growth is a good problem to have.”