An Experimental Website about using numbers: finance, Excel, math, and data
I keep seeing news that labor is tightening and wages are about to go up. We’ll see – we probably still have a lot of people out on the sidelines after having given up looking for jobs. So the unemployment rate does not count those who have given up.
Meanwhile big companies continue to reap profits due to increasing productivity and yet are not flowing the money to the people. The economic theory (?) of increasing productivity leading to distribution of the wealth to the working people is no longer true. And AI is just going to make it worse.