The main image may be mirrored, but fascinating anyway. Elites provided tax relief for followers all through history. Don't forget why people do things for powerful friends.
The U.S. economy added a booming 272,000 jobs in May, with unemployment at 4%.
USA Today reports: "Wage growth generally has downshifted as COVID-related labor shortages have eased, but it’s still above the 3.5% clip that’s consistent with the Federal Reserve’s 2% inflation goal."
• 272K jobs added in May
• Total of 15.6 million jobs added under Biden
• Women's employment rate hits another high in May
• 30 straight months of unemployment rate at or below 4%
• Prime-working-age labor force participation at 22-year high
• Wages up 4.1% over past year, significantly faster than 3.4% inflation
@DemDifference so wage growth when adjusted for inflation is 0.7%? Before I get vaguely excited about this momentus gain. I have to ask are any of those good jobs? Do any of those 15.6 million jobs pay a semi liveable wage? You probably know the answer is most likely no. So if the goal here is to bring hope to society, we need meaningful numbers that can reflect the actual value in these marginalized gains.
-That won’t stop bosses from trying to use AI to replace certain jobs, keep pay lower, and demand you and your coworkers produce more work
-Your bosses’ measuring stick for AI output isn’t whether it’s so good it can replace you wholesale, but if it’s “good enough” to justify the savings on labor costs
-Certain industries are uniquely vulnerable to generative AI output, and are more threatened than others
-After workplaces are disrupted by generative AI, employees not laid off or reassigned will have to pick up the pieces, often with more work than before
-Whether or not your boss adopts generative AI directly or your industry is threatened, the technology can be used as leverage against you and your colleagues
-Generative AI may or may not be a flash in the pan, but it can be a wrecking ball to your job regardless, especially if your boss is looking for an excuse to cut costs or to appear innovative — and you should be ready
There will almost certainly be no AI jobs apocalypse. That doesn’t mean your boss isn’t going to use AI to replace jobs, or, more likely, going to use the specter of AI to keep pay down and demand higher productivity"
#Inflation soared under President #Biden in 2021 & 2022, as the #economy emerged from the #pandemic recession [that began under Trump]. Its causes were complex, including snarled #SupplyChains, stimulative policies by the #FederalReserve &, to a degree, federal fiscal policies incl’ing #Covid relief bills signed by #Trump &…Biden.
What #Republicans call “Bidenflation” has become one of the president’s biggest liabilities in his rematch w/ #Trump. In response, #Biden has sought to simultaneously cheer #progress in #stabilizing or bringing down #prices — #growth has slowed sharply from a yr ago — while acknowledging the pain #voters still feel in their pocketbooks.
Biden has also attacked #corporations for pricing practices in certain sectors such as meatpacking, snack foods, concert tickets & gasoline.
#Biden has worked to limit prices for #PrescriptionDrugs like insulin & inhalers, rein in #bank#overdraft & #creditcard fees & make airline #travel cheaper & more transparent, achievements that he often discusses on the campaign trail.
“We’re taking on #corporate#greed to bring down the #price of gas, food & rent, eliminating junk fees,” #POTUS told a crowd of cheering supporters in Philadelphia last week.