Happy to see our paper "Employment effects of the minimum wage: evidence from the Spanish 2019 reform", with @Lucia_Gorjon and @DavidMdeLafuen1, published in SERIEs - Journal of the Spanish Economic Association.
https://t.co/lr4uEeaGxC
What that viral Anthropic jobs chart really means, by @jburnmurdoch and @sarahoconnor_
• Task vs. Job Automation: The chart distinguishes between theoretical AI exposure and actual real-world usage. It emphasizes that LLMs typically automate specific tasks rather than entire occupations; if AI handles low-value tasks while humans focus on high-value ones, the technology may augment and enhance a profession rather than displace it.
• Subjectivity of the Data: The metrics used are inherently "fuzzy." The theoretical exposure is based on subjective assessments by researchers and GPT-4, which often ignore regulatory, legal, and organizational hurdles. Meanwhile, Anthropic’s real-world data reflects Claude's usage logs, which don't always clearly distinguish between AI helping a worker (augmentation) and AI replacing a workflow (automation).
• The "Rorschach Test" Effect: Despite high theoretical exposure in fields like computing, there is currently no evidence in labor market data of increased unemployment in those sectors. Consequently, the chart acts as an inkblot test: optimists see it as "hype-busting" proof of AI's limited reach, while pessimists see the vast gap between theoretical and actual use as a sign of massive disruption yet to come.
https://t.co/kd2frBo6MQ vía @ft
16% of UK young people (16-24) are now unemployed.
The Bank of England argues that a high minimum wage has exacerbated this problem.
This is a good example of how well-intentioned policies can be harmful, and should be continually evaluated, without people being outcaste
Países Bajos eximió del impuesto de transferencias inmobiliarias a menores de 35 años, para ayudarles en la compra de vivienda.
Resultados:
❌Aumentaron precios, beneficiando principalmente a vendedores.
❌No aumentó tasa de propiedad.
❌Ganaron hogares ingresos medios‑altos.
The UK government is keen to protect children against AI bikinis, but stays silent on health risks that can hurt their entire lives.
Britain’s governing class chucks scientific evidence out of the window,
And children will suffer long-run harms
AI can make work faster, but a fear is that relying on it may make it harder to learn new skills on the job.
We ran an experiment with software engineers to learn more. Coding with AI led to a decrease in mastery—but this depended on how people used it.
https://t.co/lbxgP11I4I
Vietnam’s economic transformation is one of the defining development stories in recent decades.
In this week's Ideas in Development podcast (@vox_dev), Kartik Akileswaran @GrowthTeams and I were joined by Economist and Advisor Pham Chi Lan: https://t.co/NJDxvURimv
Avec 700g de crozets, quasiment 2 Reblochons, du lard et des oignons, je crois que je tiens enfin la recette parfaite de la croziflette pour 2 personnes.
Esta idea de que el sector público no produce nada tenemos que extirparla como si fuera un cáncer.
¿O es que un médico público que cura un cáncer no produce nada?
El hecho de que un servicio público no tenga precio no significa que no genere producción. https://t.co/dZiNqgEsZM
🔴 The hot sand around the Sudanese city of El Fasher is stained red with the blood of more than 2,000 massacred civilians
See how journalists used satellite imagery to reconstruct the scale of violence ⬇️
https://t.co/4k6tHsVEfX
La nueva tasa de basuras dispara la factura un 30% y es ya el componente del IPC que más sube.
Y esto es sólo el principio, porque muchos ayuntamientos todavía no están cobrando la nueva tasa.
https://t.co/1vinHYVfWH
🖼️ A pesar de lo ocurrido, el cuadro vuelve a lucir restaurado en @Museo_Naval y, desde la #Armada, siempre mostraremos con orgullo quiénes somos y nuestro legado.
🇪🇸 En el #DíadelaHispanidad reafirmamos nuestro compromiso con la cultura, la historia y los valores que nos unen.
Alquilar una habitación ya cuesta lo mismo que un piso entero hace 10 años: "Se aprovechan de nuestra situación de vulnerabilidad" https://t.co/Aq6RcUHy5v
Acuerdo EEUU 🇺🇸 Unión Europea 🇪🇺
✅️ UE acuerda comprar $750.000 millones en energía a EEUU.
✅️ Invertirá $600.000 millones más de lo anunciado en EEUU, en equipamiento militar y abrir países a comerciar con cero aranceles trade.
✅️UE acepta 15% aranceles.
Un acuerdo histórico y excelente para todos.
https://t.co/HB1KO7qC7k
Excelente columna de @OmarRachedi1 sobre la relación entre horas de trabajo, salarios y productividad. Spoiler: Sin crecimientos sostenidos de productividad no podemos aspirar ni a que suban los salarios ni a trabajar menos horas. https://t.co/V0EBMIOeV4
Over the past decade and a half, there has been a bipartisan consensus that neoliberal economics is fundamentally broken and bad.
But when we see actual neoliberalism tried in places like Argentina, it doesn't seem disastrous at all.
https://t.co/IcfVU2QgYb
"Americans are richer than Europeans but Europeans have nicer lifestyles"
NO THEY DON'T, sweltering and suffering through 4 months of the year is non-negotiably awful.