Biden’s Migration Stalls Wages, Cuts Productivity
President Joe Biden’s immigration policies would slow American wage growth to just 1% per year by the early 2030s, according to analysts at the nonpartisan Congressional Budget Office. “The increased supply of workers will put downward pressure on wages, especially for those with 12 or fewer years of education,” the June 18 CBO said. reporttitled […]
Migration Is Bad for Productivity and Wealth
Wall Street’s most influential mega-investor says immigration is making it harder for developed countries to embrace productivity-enhancing high-tech technologies that boost ordinary people’s incomes. “I would argue that the big winners among developed countries are those with declining populations,” said BlackRock founder Larry Fink. Said At a pro-globalist event hosted by the World Economic Forum […]
‘Addiction’ to Migration Cuts Americans’ Productivity
Business and government “addiction” to migration is undermining the productivity that boosts personal incomes and national wealth, economists cited in a report on Monday. wall street journal. “Increased reliance on low-skilled imported labor could lead to slower productivity growth, which ultimately determines how fast the economy can expand,” the paper said. Ta. I have written […]
Amazon hit with $35M fine for ‘excessively intrusive’ worker productivity monitoring
French regulators fined Amazon $35 million on Tuesday, determining the e-commerce giant had an “unduly intrusive system” for monitoring warehouse employees. French Data Protection Authority (CNIL)has announced that its domestic subsidiary, Amazon France Logistics, will use barcode scanners to track the progress of tasks such as stocking products on shelves and packaging them for shipment. […]
Bill Gates says AI will boost productivity, including for ‘bad guys’
C3 AI CEO Tom Siebel provides insight into the “unimaginably powerful” technology in “The Claman Countdown.” Microsoft co-founder Bill Gates said Tuesday that artificial intelligence will make everyone more productive, including the “bad guys.” “AI is a great tool to make people more productive,” he says. told Bloomberg Before acknowledging the technology, “it also means […]