McDonald's announced they're replacing cashiers with kiosks in California just after the $20 minimum wage kicked in. Shocking to absolutely no one who understands basic economics. When you artificially price labor above its market value, employers find substitutes. Machines, automation, or they simply eliminate positions entirely.
The teenagers who desperately need that first job experience? Gone. The single mother trying to re-enter the workforce after years away? Priced out by someone with more skills. You've just created a legal barrier that prevents the least skilled workers from competing on the one thing they had going for them: willingness to work for less while they build experience.
Politicians pat themselves on the back for "helping workers" while unemployment among young minorities hits double digits. The workers who keep their jobs benefit (temporarily), but the invisible victims, those who never get hired in the first place, don't make headlines. Economics doesn't care about your good intentions.
@KobeissiLetter EXPECTED TERMS OF US-IRAN PEACE DEAL:
1 - 7: Go back to how things were before Trump attacked Iran and the United States must commit to discussing sanction relief and the release of frozen assets
EXPECTED TERMS OF US-IRAN PEACE DEAL:
1. Extends ceasefire between US and Iran for 60 days
2. Begins 60-day negotiation period for technical discussions around Iran's nuclear program
3. Removes US Naval blockade and reopens Strait of Hormuz
4. US will commit to discuss sanctions relief with Iran
5. US will commit to discuss the release of frozen Iranian funds
6. Peace deal includes permanent end to fighting on all fronts, including Lebanon
7. Final agreement to be signed on June 19th in Switzerland
We expect to receive more detail on terms shortly.
UFC Freedom 250 is facing a chaotic weather setup on the White House South Lawn, with a 60% chance of thunderstorms, heavy downpours, and wind gusts up to 34 mph threatening to delay the outdoor fights. On top of the storm risk, brutal D.C. humidity is driving a triple-digit heat index alongside massive swarms of mosquitos and gnats that fighters will have to battle inside the cage. While the venue’s massive 92-foot overhang will keep the octagon dry, a single lightning strike within eight miles will trigger an automatic 30-minute freeze on the entire event.
This is the Marine Room in La Jolla, California.
It’s a renowned oceanfront restaurant with breathtaking views of the Pacific Ocean that has been open since 1941. 🤯
Guests can enjoy dining with dramatic views of crashing waves, especially during high tide. 😳
I don’t think I could feel at ease chowing down at dinner with those waves hitting the glass like that. I’d be waiting for Jaws to come crashing through. 💯😂
Have you ever experienced anything like this? Do you think it would be a soothing ambiance while eating dinner or would your anxiety be through the roof?
BREAKING: Iran directly rejects Trump's new claim of a deal being signed tomorrow, saying the insistence on signing the deal on specifically Sunday is engineered around his own birthday, calling it a "propaganda event" that Trump is trying to turn into a unilateral "symbolic occasion" for himself, along with his UFC White House event, per Fars.
The Iranian negotiating team says it "will not permit such a media and ceremonial manoeuvre," explicitly stating that the memorandum of understanding has not been finalized and no signing will happen.
Today, I’m releasing never before seen intelligence revealing new evidence of past US government funding for more than 120 biolabs in over 30 countries, including Ukraine.
In support of President Trump‘s Executive Order to end federal funding of dangerous gain of function research around the world, and increase transparency and accountability, ODNI will continue working with partners across the Administration to identify where these labs are, what pathogens they contain, and what “research” is being conducted.
https://t.co/pLMD0krc69
American consumers are now facing 7%+ mortgage rates, 4.2%+ inflation, and a 30% loss in the purchasing power of the US Dollar since 2020.
Meanwhile, US CPI inflation continues to follow a similar trajectory as the late 1970s.
Will history repeat itself?
More driverless trucks are on our roads
These are by Gatik AI, the make 26 and 30 foot box trucks that drive 100% without a driver
They’ve already partnered with PepsiCo, Walmart, Kroger and other Fortune 50 grocers and retailers
According to data, these driverless trucks will put over 400,000 long haul truckers out of a job
And by 2030 drivers vehicles as a whole are expected to put 4.4 million drivers are of work
Nithya Raman even LOST her own district (CD-4) to Spencer Pratt and Karan Bass, but you expect us to believe she beat them BOTH by winning 40% of the vote in the rest of the city by mail-in ballots? 🧐
you're telling me anthropic & google are paying spacex ~$26b a year for compute?!!
this is more than half the run rate of openai & anthropic just from compute deals & that doesn't even factor in the rocket launches at all.
elon accidentally ended up owning a significant portion of three of the scarcest assets in ai.. power, chips, & physical deployment capability. the best lesson here is that if you’re selling picks & shovels during a gold rush, you don’t necessarily need to find the gold. you just need everyone else to keep digging. & also non software elon is pretty much unstoppable, like prime michael jordan type thing.
The greatest trick in modern politics wasn’t making people choose sides.
It was convincing exhausted, overworked, underpaid people that their enemy is the person next door instead of the problems right in front of them.
Keep us arguing over pronouns, personalities, and culture-war headlines while groceries rise, debt grows, wars continue, and trust collapses.
The joke was never on the left or the right.
The joke was on all of us.
Williamsburg Brooklyn NY.
It appears 6 or 7 more individuals was spotted coming out of a different manhole . It appears the men all had tools on them as well .
We have a real problem on our hands.