Thursday, May 29, 2025

Trade Shocks versus Technology Shocks

The AI Job Suck Is the China Shock of Today by Jonathan Levin
https://www.bloomberg.com/opinion/articles/2025-05-29/the-ai-job-suck-is-the-china-shock-of-today
Big economic changes tend to leave some Americans behind. The Trump administration needs to look forward rather than focus on the past.
 
I made a similar point in February 2025:
https://thehill.com/opinion/5151848-generative-ai-economic-concerns/ 


For Some Recent Graduates, the A.I. Job Apocalypse May Already Be Here
https://www.nytimes.com/2025/05/30/technology/ai-jobs-college-graduates.html
The unemployment rate for recent college graduates has jumped as companies try to replace entry-level workers with artificial intelligence.