AI: IBM study on AI job impacts
IBM study says 40% of global workforce will need to adopt AI skills or be replaced by workers who know AI.
Economy: National rent control
Activists demand a national rent price control law. Question: If rent price control makes sense, why not college tuition price control? Or health care price controls? Or food price controls?…
Demographics: East Asia faces economic decline as population shrinks
The great demographic shift: East Asia’s population decline | Foreign Brief A demographic shift is underway in East Asia, as deaths have started to overtake births across China, Japan and…
Automation: AI will impact many jobs
From improving efficiency (meaning fewer workers to accomplish the same quantity of work output), or eliminating jobs all together, AI-based technology will have large impacts on labor. This is how,…
Demographics: Declining population points to future pay increases
Declining fertility rates are just starting to impact the availability of labor. In just a few years, this gets very serious.
Demographics: A difference between 70s’/80’s labor market and today
The Career Goal of the Moment Is a ‘Lazy-Girl Job’ (msn.com) Like quiet quitting before it, the lazy-girl job is the latest iteration of 20- and 30-somethings of both genders…
Economy Follow Up: It’s all going to crash!
Well, probably. Some day. But the last two years have not been good for the naysayer expert predictions of imminent doom: Ask anybody on Wall Street last December what was…
Business, Demographics: Lack of kids means lack of toy sales
Mattel Needs Barbie’s Movie Magic to Lift Toy Sales – WSJ Toy R Us filed bankruptcy in 2017 and liquidated everything in 2018. The bankruptcy was blamed on not being…
Demographics: Immigration accounts for 1 in 3 new workers in the U.S.
But the supply of workers has since rebounded by about 10.6 million people. That recovery has owed partly to a pickup in the foreign-born labor force, which has accounted for…
Demographics: Korea to seek more foreign workers
This, at best, can only be a temporary fix: Korea will explore ways to accept more foreign workers to address its low birth rates and workforce shortages, the finance ministry…