Across metro areas nationwide, inflation-adjusted electrician wages have swung wildly over the past decade, rising more than 60 percent in some places and falling by half in others, suggesting acute local mismatches between supply and demand.
"Solving this problem won’t be easy — but it presents perhaps our best opportunity to demonstrate one place where the AI boom can help create high-quality jobs for American workers," @BrianCDeese and @APasnau write.
Here’s what it will take: https://t.co/oW35Th4vB1
I’m in the Washington Post today w/ @BrianCDeese writing about the other side to AI and work: AI is worsening labor shortages in the skilled trades.
This is solvable but urgent. And it matters not just for the AI buildout, but also for the cost of electricity. (Link below.)
How much are you paying for gas? Almost everyone knows; it’s posted on neon signs, everywhere.
Electricity? It’s about the least transparent price in our economy.
We at @mit and @heatmap_news launched the Electricity Price Hub to solve that problem.
https://t.co/pbLnapVVEB
As Katrina’s editor, I was constantly wowed by her smart ideas, her tenacity and her astounding thoroughness. And she’s a lovely person. I’m already envious of whoever gets to work with her next
I was laid off today from the Washington Post along with many, many talented colleagues. It’s been a joy and privilege to serve as China correspondent, and cover everything from the trade war to Taiwanese organized crime to robots. I hope to continue doing this work.
If you’re a Brown student, locked down in your dorm or the OMAC, and scared and sad and exhausted and angry, know that there are over 100,000 alums around the world who are thinking of you and have your back.
Some professional news.
Excited to start today as chief economist at @Stripe. Looking forward to working with & learning from the brilliant people there to produce data-centered insights and research.
A Tops plant making paper closed in Logan, OH. A Case plant making light construction equipment closed in Burlington, IA. Devastating for these communities. What should be federal government response for these communities? https://t.co/QBr5oYghOE
It’s a jobs recession. Payroll employment declined in June, and while it was up in July and August, the increases were on the margin and seem likely to be revised away. The goods side of the economy, including manufacturing, mining, and construction, is losing a significant number of jobs, as is the federal government. Only healthcare and hospitality are adding to payrolls. It’s not a full-blown recession, as GDP, incomes, and profits are still slowly growing. But for how much longer, if the economy continues losing jobs?
The biggest economic issue that no one is talking about:
AI is projected to replace 12 million jobs in the next decade. Americans say they're worried about it. But no national politician has a plan for it.
A new piece with some ideas, from me, Zoe Jacobs, and Diego Haro. 1/
Trump CEA estimates of growth and deficit reduction under their tax/spending cut plan is the Mother of All Voodoo Economics.
In other equally credible projections: I am projecting I will start in Pistons backcourt with Cade Cunningham in 2025-26 season. https://t.co/yTMWUDK1ep
Very excited to see the Industry Data Navigator launch!
We need more tools to track and understand realtime developments in key industries — across the production value chain.
With the IDN it only takes a few clicks to make these graphs ...
📣Introducing the Industry Data Navigator … an app for sizing up the U.S. economy.
In the crowded landscape of U.S. government reports on labor, capital investment, manufacturing and trade, the IDN is a new tool to help policymakers, journalists and researchers turn heaps of complex economic data into useful insights.
Developed by a team of researchers at @SIEPR and @mitceepr, the IDN provides an easier way to track patterns and understand the dynamics between different aspects of the U.S. economy across a range of industries.
🔍 Explore and read about it here:
https://t.co/D3nl6MbCZF
New tariff update today from @The_Budget_Lab incorporating
1. Today's announcement of lower US-China tariffs (10% instead of 125% reciprocal tariffs);
2. The May 8 US-UK trade deal; and,
3. The April 29 auto tariff rebate announcement.
Some high level takeaways:
1/13
My first op-ed! Why is DOGE killing America's favorite tech product, IRS Direct File?
"Perhaps because Direct File wasn’t failing – it was working. It no doubt terrifies DOGE that Direct File undermines its premise. It demonstrates that the government can build great technology with great customer experience quickly and in cooperation with political leaders and civil servants. It demonstrates that while culture change in government is necessary, institutional arson is not.
It demonstrates that government can work."
https://t.co/7Xa43Tn7MH