Well, here it is. Your next favourite podcast…
Join Jonathan Simnett and I on episode 1 of The Difference Engine!
Available now!
Click the link in the comments 👇
@Dogetothemoon@elonmusk it’s the $2k of disposable Daddy dollars which counts. Not decrying the amazing achievements and the leadership , just the “other Elon’s” without the seed money…
@elonmusk Also, @elonmusk the laziest take since Bush said the French did not have a word for ‘entrepreneurs’. What next calling you a Bond villain? How original.
Apparently this video isn’t enough evidence to convict the guy in blue for assaulting all three police officers
Yet Lucy Connolly got two years in prison for an off colour tweet - prosecutions Keir Starmer encouraged
Labour’s two tier justice system has to end
A major talking point for those who think AI will cause mass unemployment is the recent slowdown in junior-level hiring. Lambert and Schindler, in this new working paper, point to a different culprit: work from home policies.
Using data on ~250 million hires across four countries,they show that AI exposure strongly correlates with a role being work from home. So you have to disentangle the two to get a clean estimate.
Which is the driving variable? They find that the effect of exposure to AI on junior hiring ~vanishes when you control for WFH, whereas the effect of WFH remains ~unchanged when you control for AI exposure.
In other words: it's WFH, not AI, that is slowing junior hiring.
Why? Their theory: "WFH makes supervision, monitoring, and on-the-job learning harder, all of which hit junior-workers more. Firms less willing to invest in junior talent when these frictions rise."
I think that makes sense. WFH involves a certain degree of trust and makes management harder. If an employee is less experienced, all else equal you're less likely to prefer them for a WFH position.
Bigger takeaway, though: if AI is going to take all our jobs, it's sure not there in the data yet!
🚨 If you’re a British taxpayer…
…you currently owe £74,000 to pay off the national debt.
Let me explain.
Britain’s national debt is now roughly £2.9 TRILLION.
There are around 39million taxpayers in the UK.
That works out at roughly £74,000 of debt for every single taxpayer in the country.
And the terrifying part?
The government is still borrowing tens of billions more every year.
So every time politicians announce another few billion for this scheme or that project…
…remember who ultimately gets handed the bill.
Your bill is currently £74,000.
“Angela Rayner pays £40k after HMRC investigation”
Given Labour don’t understand essential economics why should we expect a potential PM to understand what tax she pays
God help us
https://t.co/aw1xVXgEbG
Sorry, but this is exactly the kind of behaviour Labour kept warning people about. The reality is that cronyism seems worse than ever under this government. Any more family friends you are gonna hire, also probably invest in all your family friends startups only and recycle the money. Nothing changes.