The ‘Great Hesitation:’ Fewer Americans are switching jobs lately as labor market cools
Crossmark Global Investments’ Chief Market Strategist Victoria Fernandez analyzes the state of the consumer ahead of the “money grabs” FOMC meeting in June. Over the past few years, tens of millions of Americans have switched jobs, lured by big pay raises and abundant job opportunities, a trend economists have dubbed “the Great Quitting.” But as […]
OpenAI Executive Admits AI Will Eliminate Creative Jobs that ‘Shouldn’t Have Been There in the First Place’
As AI continues to advance, fears of job loss are growing, particularly in the creative industries. Now Mira Murati, chief technology officer at OpenAI, has suggested that creative jobs will become obsolete, arguing that “maybe creative jobs shouldn’t exist in the first place.” luck Reports The rapid development of artificial intelligence has sparked widespread discussion […]
OpenAI CTO says AI may replace some creative industry jobs that were replaceable
Constellation Research Founder R. Lei Wang speaks on Barron’s Roundtable about the benefits of the artificial intelligence revolution. OpenAI executives say generative Artificial Intelligence (AI) While some jobs in creative fields may be displaced, some of those roles may not be replaceable at all or may not be needed at all. Mira Murati, chief technology […]
White House finalizes rules increasing clean energy subsidies fivefold in bid to support green jobs
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Joe Biden’s Amnesty Opens More White-Collar Jobs to Migrants
President Joe Biden’s parole amnesty for immigrants includes a poison pill for struggling American graduates: granting more work permits to immigrants who earn degrees from U.S. universities. White House Said In a statement on Tuesday: Today’s announcement means that individuals, including DACA recipients and other Dreamers, who have completed a degree from an accredited U.S. […]
Those Pesky Jobs Numbers
Estimated Reading Time: 5 minutes “The Biden Administration has basically turned the US labor market into a Temp Agency for foreign workers. American workers are not getting jobs… They’re losing them.” E.J. Antoni, Ph.D, Heritage Foundation On Friday, June 7, the much-awaited jobs numbers were released and as usual, they can roil the markets for […]
Jobs overstated? What to know about Fed chairman’s comments- Washington Examiner
Federal Reserve Chairman Jerome Powell provoked significant commentary this week with his remark that job gains might be overstated. Here’s what to know about what he said and what it could mean. What he said At a press conference Wednesday, Powell fielded a question about the health of the labor market. As part of his […]
Republicans, Dems Unite to Import More Foreign Workers for Blue-Collar Jobs
Republicans and Democrats on the House Appropriations Committee are united in their push to allow companies to import as many foreign workers with H-2B visas as possible into the U.S. to fill blue-collar jobs in construction, landscaping and other industries. Companies are already allowed to import 66,000 H-2B foreign visa workers annually to fill blue-collar, […]
Labor market lies: Full-time jobs collapse, part-time work surges
This is not your grandfather’s labor market. On paper, we just ended a 27-month streak with the unemployment rate below 4 percent, longer than some of the years of the post-World War II economic boom. But in the real world, the streak of job growth was an illusion. In fact, we were in a labor […]
ALFREDO ORTIZ: Corporate Media Desperately Wants You To Ignore This Alarming Factoid In Newest Jobs Report
Ignore the May jobs report‘s topline establishment survey number and the media’s celebratory reporting. It’s not to be trusted. A new analysis by the Daily Caller News Foundation shows that payrolls were overstated by 1.3 million last year after accounting for the constant downward revisions. A new Bloomberg Economics report finds monthly job gains were overstated by 730,000 last year. Bloomberg […]