Amanda is the only one who really understands what is going on in the corporate world now. She could also be in my “thinkers” list, though she is narrowly focused.
Political Economy
IA and AI
Between AI and India, American jobs are being destroyed completely.
And because it’s “racist” to even talk about the latter, no one is reporting it. Except Amanda, who is awesome.
Simp Imp
Economists can lie all they like, but this is indeed simply impossible now:
One of my friends in 1995 worked at Blockbuster full time and had his own (small) apartment. No roommates. Still had money for games and concerts and such. That is not something that would work financially in any US city anymore.
Again, no matter how much economists distort or Boomers carp, that sort of life is no longer available to anyone but trust funders.
Pool
Not sustainable at all.
Ban House
That should be just banned outright.
Econned By All
That has certainly occurred. The “scam economy” is the entire economy now. There is probably no going back. At least not for a long while.
Low Hire
Unlike the dipshit in the post below, someone who actually knows what she’s talking about.
Best I can figure, consolidating BLS/FRED sources, the US tech industry has lost around 700,000 jobs since the peak in late 2022. And that is a huge amount.
ICE Cold
I disagree with the methodology (and hiring practices) of ICE and ICE raids as conducted. However, I very much agree that all illegal immigrants should be deported. That’s just what what any normal country should be doing if it wants to remain an actual nation.
The brunt of enforcement should be directed at employers, traffickers and landlords who don’t check citizenship status.
The rest would then take care of itself.
The Attempt
It’s not that hard to beat the market. That you cannot is just something they tell normies so they won’t bankrupt themselves doing stupid stuff. Which is in fact what happens to normies when they attempt it.
If you’re not in that category, it’s safe to say that you can just ignore all the things said to be “impossible.” Those are just protection mechanisms for the mediocre. I’ve ignored all that crap my whole life and done very well. If you fail…well, then, you know you are in fact a normie.
Con Job
AI and Business: It’s About Jobs.
This is what the AI-haters claim. But it’s wrong. I work in the trenches; I see what AI is doing and I can tell you it’s certainly increasing productivity and replacing people, especially for more junior and now even some mid-tier roles.
This post — like most in the genre — is wishful thinking by people who don’t actually work corporate jobs.
What is in the immediate economic future is tons of disemployment of juniors. As AI continues to improve, this will move up the stack to more mid-career roles. As I’ve already observed this post is incredibly wrong in its details and its speculation because what it is discussing, while a factor, is subsumed in the truth is that AI is already effectively replacing people ever day.
It’s so much better to evaluate the world as it is rather than as you wish it were. Or, even worse, allowing someone else to manipulate your reality which is what seems to be occurring here.
Why be so blind to reality? Why not just look around a bit and see what’s really occurring?
Obvihouse
Which is obvious to anyone who is not a clown idiot liar doofus jerkwad.
Divest
Germany do be like that. And a lot of the rest of the EU too. It’s no mystery why they are falling behind.
Hungary for Turkey
Mostly agreed. I think Hungary and Turkey belong somewhere there too.
Mis Miss
Anyone who thinks AI is not boosting productivity: LOL.
Just as economists did with computers in general, they misdefined productivity gains, mismeasured them as well, and then declared this was not happening. A nice job (lying incessantly) if you can get it.
Pay Me
If any company requires more than two separate interview rounds, that third one and all the prior ones retroactively should then be paid at minimum of $100 per hour to the interviewee.
Would cut down a lot on HR and other hiring shenanigans.