Thursday, September 10, 2026

Anthropology, Philosophy, and Math - Majors for the AI Era

Want to Succeed in an AI World? Study Anthropology
https://www.wsj.com/lifestyle/careers/want-to-succeed-in-an-ai-world-study-anthropology-cbb2d368
College students and workers alike are finding a new set of skills is needed for a rapidly changing workplace. 

The Revenge of the Philosophy Majors
https://www.nytimes.com/2026/07/05/business/philosophy-majors-ai-jobs.html
A.I. labs are hiring contrarian, chin-stroking, finger-steepling sages. Who’s underemployed now? 

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PISA Test Scores Highlight an Alarming Trend

Plunging test scores are a slow-moving catastrophe
https://www.economist.com/leaders/2026/09/10/plunging-test-scores-are-a-slow-moving-catastrophe
Machines are getting brighter. Teens are getting dimmer. Schools must act now.
 
Are teenagers growing dimmer?
https://www.economist.com/international/2026/09/08/are-teenagers-growing-dimmer
The latest global school tests reveal shocking new declines. 

U.S. Reading Scores Plummet on Global Exam
https://www.nytimes.com/2026/09/08/us/us-reading-test-scores-pisa.html
Students in Singapore and parts of China had the highest scores on the test known as PISA. Scores for American students were near a 25-year low.

How to teach the next generation in the era of AI
https://www.ft.com/content/bb42e8fa-aa7e-4410-9f7b-42cd6115d8fb
The Pisa results sound the alarm on the disastrous impact of tech on our basic skills.

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Backlash Against Big Tech

Big Tech Fooled America Once. The Second Time’s Not Going So Well.
https://www.nytimes.com/2026/09/10/opinion/ai-big-tech-america-politics.html
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Surging Bond Yields

The Unrelenting Bond Selloff Puts the 10-Year Yield on the Cusp of 5%
https://www.wsj.com/finance/investing/the-unrelenting-bond-selloff-puts-the-10-year-yield-on-the-cusp-of-5-78bfb4db
Rising borrowing costs threaten to disrupt the stock market and slow the economy. 

Why Higher Bond Yields Can Be ‘a Great Thing’
https://www.morningstar.com/bonds/why-higher-bond-yields-can-be-great-thing
The bond market selloff has rattled Wall Street, but falling bond prices mean more income for investors and a cushion against price declines.

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The AI Millionaires

More Money Than They Ever Imagined—and No Clue How to Spend It
https://www.wsj.com/tech/ai/ai-tech-anthropic-openai-ipo-0a9da59e 

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Treasury versus the Bond Market

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Wednesday, September 9, 2026

The Decline in the Labor Share of Income


The Record Divide Between Corporate Profits and Worker Pay
https://www.wsj.com/finance/stocks/the-record-divide-between-corporate-profits-and-worker-pay-ea4c75bc
Labor’s share of economic output just hit an all-time low, while the profit share neared a record. It helps explain why consumers feel so glum. 

The Big Money in Today’s Economy Is Going to Capital, Not Labor 
Soaring profits and stocks funnel more of GDP toward companies, their top employees and shareholders. AI will intensify this trend.


‘We deserve more’: US workers’ share of the pie dwindles
https://www.theguardian.com/us-news/article/2024/may/06/workers-income-labor-
 
“Perspectives on the Labor Share,” by Loukas Karabarbounis
https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.38.2.107
As of 2022, the share of US income accruing to labor is at its lowest level since the Great Depression. Updating previous studies with more recent observations, I document the continuing decline of the labor share for the United States, other countries, and various industries. I discuss how changes in technology and product, labor, and capital markets affect the trend of the labor share. I also examine its relationship with other macroeconomic trends, such as rising markups, higher concentration of economic activity, and globalization. I conclude by offering some perspectives on the economic and policy implications of the labor share decline.

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