THE ECONOMY ADDED 29,000 JOBS.
THE MACHINES ARE DOING GREAT.
The September jobs report landed this morning:
The United States added just 29,000 jobs.
Unemployment: 4.2%.
July and August were revised downward by another 60,000 jobs.
Meanwhile, Federal Reserve Vice Chair Philip Jefferson says business investment remains “quite strong”���primarily because of AI-related spending.
Enter Karl Marx...
Not because he hated machines. Because he spent an alarming amount of time explaining what happens when businesses discover they can buy machines instead of labor.
🧵
SOURCES:
U.S. Bureau of Labor Statistics, Employment Situation — September 2026: payroll employment +29,000; unemployment 4.2%; July and August revised downward by a combined 60,000.
https://t.co/B86jOtmbQc
Federal Reserve Vice Chair Philip Jefferson, Oct. 1, 2026: business investment has been “quite strong,” primarily supported by AI-related spending.
https://t.co/pBMMYb7Smy
Marx: Capital, Vol. I, especially chapters 15 and 25; Grundrisse, “Fragment on Machines.”
IS LABOR LOSING ITS SHARE?
Karl Marx was just informed, today, that Goldman Sachs has discovered a troubling reality:
The American economy increasingly rewards owning capital rather than working for wages
Who has been waiting 160 years for this memo?
Karl Marx.
A new Goldman analysis, highlighted by Fortune, finds that labor’s share of American business output has fallen to its lowest level since the government began keeping the series in 1947.
In other words:
The economy can grow. Companies can become more productive. Markets can rise.
AND, workers can still receive a smaller portion of what the economy produces.
Marx had a word for this arrangement. Several, actually....
SOURCES:
“Goldman says the economy is rewarding capital ownership over labor — and most Americans don’t own enough of it to benefit.” This is the article reporting the Goldman analysis and the 4.5-point structural decline.
https://t.co/o9401Prx2u
“‘I don’t think there’s a floor’: Workers’ share of America’s income is at a record low before the AI boom even begins.” This is useful for the automation/AI reply.
https://t.co/6g8eRucnUC
Labor share was 52.8% in Q2 2026, the lowest in the series going back to 1947.
https://t.co/oya4QMlzXd
Capitalism keeps writing new episodes. We just summon the guy who complained about the earlier seasons.
What Would Karl Marx Do? is an American Seances Production. Like and follow!
https://t.co/IfoX7ytZSb
APPARENTLY THE RESOLUTE DESK IS NOW ALSO A NYSE TRADING DESK
Donald Trump made nearly 29,000 securities trades in 17 months, according to Bloomberg.
Congress: We really need to stop politicians from trading stocks.
Also Congress: The President? Oh, he’s fine.
Karl Marx has examined the brokerage account.
THE RECEIPTS:
Bloomberg — Trump Made 29,000 Securities Trades, More Than All of Congress
https://t.co/ibePWCcU3f
CBS News — Trump traded $212–695 million in securities during the first three months of 2026.
https://t.co/rhNy4HX1BF