Posts tagged automate
Don’t Panic: A Skeptic’s Guide to the AI Jobs Doomsday
July 16, 2026 // Overall, US unemployment was 5.9 percent in mid-1979 and 5.3 percent by mid-1989.[25] During this same period the working-age population swelled by 21.5 million, or about 13 percent.[26] So, while some manufacturing jobs were lost, overall unemployment actually declined slightly over that period despite an increase in job seekers. New jobs in new fields were created by automation. Somebody had to operate the machines, build and maintain them, and transport them to foreign countries. This is the nature of automation: It focuses on eliminating the more tedious tasks, freeing up time, labor, and resources for other pursuits.
Mamdani’s Minimum-Wage Hike Will Hurt Young Workers Most
November 14, 2025 // The Congressional Budget Office estimates that a 10 percent rise in the minimum wage reduces teen employment by about 0.7 percent. Using the same metric, raising New York City’s wage floor 82 percent would reduce Gotham’s teen employment by roughly 5 percent to 6 percent, on average. Teenagers who manage to keep their jobs will probably see fewer hours, meaning less job experience, fewer opportunities for mentoring, and slower wage growth in the future. Young people may have shot themselves in the foot, in other words, by supporting Zohran Mamdani. The soon-to-be-mayor’s “$30 by ’30” will make New York costlier, especially for the young, the least able to afford it.