Economists hope earlier episodes of labor disruption, from the Industrial Revolution to the Great Depression, can help us prepare for the age of artificial intelligence.
Category: Economics (Theory and Philosophy)
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For Clues About How A.I. Will Change Work, Look to the Past
The New York Times – Business: -
Robert E. Hall and Michael Woodford Awarded Nobel for Economics
The New York Times – Business:Robert E. Hall and Michael Woodford were awarded the prize for their insights that helped policymakers become “better equipped to deal with shocks in the economy,” the committee said.
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What’s Dragging Down A.I. Efficiency? The ‘Verification Tax.’
The New York Times – Business:As artificial intelligence automates office tasks, it is also creating a new type of human work.
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Black Unemployment Rose Sharply in September, Jobs Report Shows
The New York Times – Business:Economists had taken a recent drop in Black unemployment as a hopeful sign that job gains were lifting a broad share of workers.
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Could Homeownership Reverse the Decline in Birthrates?
The New York Times – Business:Researchers looked back at the baby-boom era and found that federal mortgage programs played a part in the country’s population upswing after World War II.
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Why Labor’s Share of Wealth Is Shrinking
The New York Times – On the Runway:Workers’ share of our national income is declining rapidly but we’re not sure why.
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“The Invisible Hand of Maria Edgeworth”: An Economist, Erased
The New York Times – Business:Maria Edgeworth sneaked economic theory into her best-selling novels. Two centuries later, a new book finally gives her the credit she deserves.
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U.S. Tariffs Could Price Canadian Firms Out of U.S. and Threaten Thousands of Jobs
The New York Times – Business:The 50 percent tariffs President Trump imposed on Canadian exports to the United States will make it impossible for many Canadian companies to continue to sell to the U.S. market, economists say.
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July Retail Sales Notch Biggest Drop in Over a Year
The New York Times – Business:The data for July showed the biggest drop in more than a year, as American households face the economic strains brought on by persistent inflation
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What Are Companies Getting for All That A.I. Spending?
The New York Times – Business:A new field of “tokenomics” has emerged to measure the return on all the money companies are pouring into artificial intelligence.
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What Are Companies Getting for All That A.I. Spending?
The New York Times – Business:A new field of “tokenomics” has emerged to measure the return on all the money companies are pouring into artificial intelligence.
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Edmund Phelps, Who Upended the Way We View Inflation, Dies at 92
The New York Times – Business:He won a Nobel in 2006 for challenging the conventional wisdom among economists that higher inflation was a necessary price to pay for low unemployment.