One in Four: AI Now Leads the List of US Layoff Causes
April data shows that 26% of all US job cuts were officially attributed to AI, the second straight month it has topped the cause list. With 92,000 tech layoffs in five months, economists are now debating whether the AI disruption is like the China shock, and disagreeing sharply on what that means for workers.
Read full story →A Robot App Store Arrives Before the Robots Do
Unitree has launched the world's first humanoid robot motion App Store, SAP is running autonomous robots in a live warehouse, and two firms raised $183 million combined. But a journalist who has personally tested these machines says the hardware is still closer to flying cars than to smartphones on the hype-versus-reality spectrum.
Read full story →The History Lesson That Doesn't Reach the People Who Need It
Economists are reassuring us that the AI shock will work out the way the China shock did. But the China shock cost four million real workers their livelihoods, and the productivity gains went to shareholders, not to Youngstown. Using that history as comfort is something only people who weren't in Youngstown can do.
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