AS ARTIFICIAL INTELLIGENCE captures the public imagination, while also exhibiting missteps and failures, enthusiasts continue to tout future productivity gains as justification for a lenient approach to its governance. For example, venture fund ARK Invest predicts that “during the next eight years AI software could boost the productivity of the average knowledge worker by nearly 140%, adding approximately $50,000 in value per worker, or $56 trillion globally.”

Despite all the buzz about the “Great Resignation” and a renaissance for the working classes in America, a new report finds the gap between executive and worker pay is only widening. The typical low-wage worker’s pay didn’t keep pace with inflation last year at more than a third of the companies reviewed by the Institute for Policy Studies, a progressive think tank. IPS’ survey included the 300 publicly traded companies with the lowest median pay for workers.

The rising interest in remote work is largely an American phenomenon and an important trend to understand for its long-run impact on US productivity growth. The bottom line is that remote work is here to stay; workers hate commuting. The increasing popularity of remote work combined with new technology should lead to higher US productivity than the last 2 decades.

High-earning millennials are feeling broke. Sixty percent of millennials raking in over $100,000 a year say they're living paycheck to paycheck, according to a new survey by PYMNTS and lending company LendingClub which analyzed economic data and census-balanced surveys of over 28,000 Americans.

More U.S. workers are quitting their jobs than at any time in at least two decades, signaling optimism among many professionals while also adding to the struggle companies face trying to keep up with the economic recovery.

The change in emphasis for fiscal stimulus in the U.S. under President Joe Biden has effectively signaled "the end of Reaganomics," according to Embark Group CIO Peter Toogood.

Maria Fernandes died at the age of thirty-two while sleeping in her car in a Wawa parking lot in New Jersey. It was the summer of 2014, and she worked low-wage jobs at three different Dunkin’ Donuts, and slept in her Kia in between shifts, with the engine running and a container of gasoline in the back, in case she ran out. In the locked car, still wearing her white-and-brown Dunkin’ Donuts uniform, she died from gasoline and exhaust fumes.

In army of robots now scrub floors, grow microgreens and flip burgers. Due to advances in artificial intelligence, computers will supposedly take over much more of the service sector in the coming decade, including jobs in law, finance and medicine that require years of education and training.

Working time reduction has always been used as a way of distributing available work and reducing unemployment. In our era of crisis, we need to fight for a four-day week.

Fears are mounting that a massive growth in debt and the current policy environment — described as "monetary policymaking on steroids," by Michael Arone, chief investment strategist for State Street Global Advisors, earlier this year — could be producing a new global wave of "zombie firms," a new G30 report by top economists and central bankers warns.

Centuries of discrimination and exploitation have left Black Americans much poorer than white Americans. The median white household has a net worth 10 times that of the median Black household. If Black households held a share of the national wealth in proportion to their share of the U.S. population, it would amount to $12.68 trillion in household wealth, rather than the actual sum of $2.54 trillion. The total racial wealth gap, therefore, is $10.14 trillion.

Half of all work tasks will be handled by machines by 2025 in a shift likely to worsen inequality, a World Economic Forum report has forecast. The think tank said a "robot revolution" would create 97 million jobs worldwide but destroy almost as many, leaving some communities at risk.

Their big contribution was that auctions aren't just auctions. How an auction is designed matters enormously for what it does.

Unemployed teachers, cooks, dancers are turning to Patreon, Twitch, and OnlyFans

Ecologically sustainable Economic Epochs / Time-Space Meter / Syntax Lexicon Rosetta Stone for the programmable economy USPTO 13/573,002 - Beacon-Heart

Pavlina Tcherneva talks about "The Case for a Job Guarantee," and how public-sector work can pull us out of crises both immediate and long-term.

Ifirst became an economist in the early 1970s, at a time when revolutionary change still seemed like an imminent possibility and when utopian ideas were everywhere, exemplified by the Situationist slogan of 1968: ‘Be realistic. Demand the impossible.’ Preferring to think in terms of the possible I was much influenced by an essay called ‘Economic Possibilities for our Grandchildren,’ written in 1930 by John Maynard Keynes, the great economist whose ideas still dominated economic policymaking at the time.

The U.S. financial system could be on the cusp of calamity. This time, we might not be able to save it.

At Berkshire Hathaway’s annual meeting, Warren Buffett said the supply and demand for office space may change significantly.