Free Republic

The “Godfather of AI” warned that the technology’s rapid adoption will unleash massive unemployment — hurting the poorest people the most if safe scalability is not prioritized. Geoffrey Hinton — a former Google whiz who last year won the Nobel Prize in physics for paving the way for the powerful AI systems we have today — said the CEOs pushing the technology as a possible solution to problems like hunger, poverty and disease are full of it. “What’s actually going to happen is rich people are going to use AI to replace workers,” Hinton told the Financial Times. “It’s going...

As I write this, the Democratic press releases are still being edited, but the collective scream soon to come is perfectly predictable. Already, Democratic Rep. Ted Lieu said on BlueSky that “Republicans are messing up the economy,” based on private jobs data that came out Thursday. You can see why Democrats might make that argument. It seems the latest numbers from the Bureau of Labor Statistics show a meager job gain in August of 22,000, with technical revisions to recent months data in the negatives by 21,000. Even without that revision, that’s a job growth rate of a tenth what...

Probably the strangest, saddest specter on the employment front in the U.S. is the inability of U.S. engineering graduates and older engineers to secure jobs in today's market.All that talk about STEM majors, and taking a demanding degree instead of a gut major in college rings hollow given that even liberal arts and fine arts college graduates have a better chance of getting a meaningful job than today's computer engineering majors.Seriously.According to Raghavan Mayur's TIPP Insights:This fact was documented by the Federal Reserve Bank of New York earlier in the spring.A link to the study and an anecdotal news report...

Here is an old newscast I found regarding the Current Population Survey (Household Survey) from 1994 when they revamped the questions. It is very interesting in how they were able to get a 95% response rate back then and now only currently 66%. Enjoy.

When workers can't or won't do their jobs properly, it's up to management to fire their keisters out of there and get someone else who will.Which is what happened with the much-howled-about firing of Bureau of Labor Statistics chief Erika McEntarfer by President Trump.Trump is 1000% correct here. It is obvious to me that there are leftist moles inside BLS and numbers are being manipulated in an attempt to weaken Trump. Glad to see Trump taking action. pic.twitter.com/M0sWRmLj5c — Bill Mitchell (@mitchellvii) August 1, 2025How many times was data manipulated, and then 'revised' with perfect timing for Democrats by this...

President Trump ordered the dismissal Friday of the head of the Bureau of Labor Statistics (BLS), hours after the economic data collection agency released a report showing unemployment ticked up last month. Now-former BLS Commissioner Erika McEntarfer, an appointee of former President Joe Biden, triggered Trump’s fury after her agency announced lower than expected employment gains in July and revised the numbers for May and June downward by a total of 258,000 jobs. The president accused McEntarfer of manipulating the data and charged that she had done so in the past.

President Trump was just informed that the jobs numbers are being produced by a LEFT-OVER BIDEN OFFICIAL, "who faked the Jobs Numbers before the Election to try and boost Kamala’s chances of Victory." He just FIRED HER, Dr. Erika McEntarfer.

Total nonfarm payroll employment changed little in July (+73,000) ...

One in four Gen-Z workers wishes they had skipped college or picked a higher-paying major, and only about a third are happy with the choices they made, a new ResumeGenius poll, carried out this month, finds. What Happened: The online survey of 1,000 full-time Gen-Z employees shows 23% regret going to college, 22% would pivot to fields like tech or finance, and just 32% say they'd change nothing about their education. Career coaches say that shift reflects a market where degrees no longer guarantee jobs. "Many older generations had the luxury of living in a market where their college degree...

President Donald Trump took steps on Thursday to end the massive takeover of crime and homelessness on the streets after Democrat leaders in Blue states have failed to do anything to make our streets safer. During a signing at the White House, President Trump signed the "ENDING CRIME AND DISORDER ON AMERICA'S STREETS" Executive Order, which aims to restore "public order" to cities and remove homeless individuals from the streets by enforcing no urban camping, urban squatting, and loitering, among others. "The number of individuals living on the streets in the United States on a single night during the last...

The number of Americans filing new applications for jobless benefits fell to a three-month low last week, pointing to stable labor market conditions, though sluggish hiring is making it harder for many laid-off workers to land new opportunities. The lack of material labor market deterioration likely gives the Federal Reserve cover to keep interest unchanged next week amid signs that President Donald Trump's aggressive tariffs on imports were starting to lift inflation. Trump is pressuring the U.S. central bank to resume its interest rate cuts. "At the moment, the labor market is holding up with financial markets holding their breath,"...

The legislation introduced by Yakym is titled the Securing Help for Involuntary Employment Loss and Displacement (SHIELD) Act. Congressman Rudy Yakym, R-Ind., on Thursday discussed legislation he introduced that would keep unemployment benefits from workers who choose to go on strike."We've introduced a few bills dealing with unemployment insurance, because a big part of what I believe is that we should protect it for people who actually need it," Yakym said on the "Just the News, No Noise" TV show. Yakym explained that there are progressive states that allow workers who choose to go on strike to collect unemployment benefits,...

For the past few years, headlines have pushed a familiar story: “Americans don’t want to work.” It’s catchy. It’s polarizing. And it’s not quite true. Dig a little deeper, and you’ll find something more complicated going on. The real problem isn’t a lack of willingness -- it’s a lack of alignment. While job openings hit record highs, so did the number of people feeling stuck, burned out, or underemployed. This isn’t a laziness issue. It’s a mismatch issue. And the people solving it aren’t always in government buildings or boardrooms. More often than not, they’re in the offices of smart,...

New state and local increases are boosting paychecks in Alaska, California, Oregon, Washington, D.C., and other locations this week. Workers in about 15 locations nationwide are about to receive a boost in their paychecks, thanks to minimum wage increases that went into effect this week around the country. On Tuesday, July 1, minimum wage increases went into effect in Alaska, Oregon, and Washington D.C. Additionally, 12 cities, including Chicago and Los Angeles, are doing the same. The minimum wage hasn’t changed on a federal level since 2009. It remains stuck at $7.25. However, local governments have been moving the needle...

Just as the internet radically changed how America conducts business, artificial intelligence (AI) is also making waves in the workplace by taking thousands of jobs. It’s an outcome that industry experts have warned would happen, and professionals across multiple employment sectors have already been affected.Beyond artists and content creators, AI is also impacting professionals in marketing, technology, translation, various levels of administration, and management. It has been a silent and ongoing trend for two years, but tech insiders say this is just the beginning.A senior software engineer at Microsoft, Nandita Giri, shared her thoughts with The Epoch Times on what...

For months, US economic data has shown resilience, with layoffs remaining low and business activity staying steady despite fears over policy uncertainty. But the tide may be shifting. Multiple data points this week have shown signs of slowing as a wide swath of tariffs has been in effect. On Thursday, weekly filings for unemployment benefits hit their highest level since October 2024, adding to a slew of data showing a cooling economy leading into the Friday morning release of the May jobs report. Earlier in the week, the Institute for Supply Management's Services PMI registered a reading of 49.9 in...

SUMMARY * Weekly jobless claims increase 8,000 to 247,000 * Continuing claims fall 3,000 to 1.904 million * Trade deficit shrinks by a record 55.5% to $61.6 billion The number of Americans filing new applications for unemployment benefits increased to a seven-month high last week, pointing to softening labor market conditions amid mounting economic headwinds from tariffs. The report from the Labor Department on Thursday also continued to show workers losing their jobs having a tough time landing new opportunities as uncertainty caused by President Donald Trump's aggressive trade policy leaves employers reluctant to increase headcount. Economists said technical difficulties...

Your college major can play a significant role in the type of job you'll find after graduation and the amount of income you can expect in a salary.But surprisingly, some of the most popular majors have high unemployment rates, according to data from the New York Fed. Majors such as computer science and physics had some of the highest unemployment rates, at 6.1 and 7.8 percent, respectively, despite being considered relatively stable STEM fields."A graduate's degree doesn't guarantee job security, and in some cases, it can make you overqualified and underemployed, especially when debt is involved," Kevin Thompson, the CEO...

There are at least six million job openings in the U.S., yet we have a record number of working age men not working. Maybe one reason is the Feds are still paying people welfare not to work. Brad Wilcox and Grant Bailey of the Institute for Family Studies report: The 2024 Current Population Survey indicates that 31% of men ages 25-40 who are not working full-time collected some form of cash or cash-equivalent benefit in the form of food stamps, Social Security for disability, Supplemental Security Income, or unemployment insurance in the prior year. Such benefits are particularly common among...

Good news for millionaires and billionaires: They are currently eligible for unemployment benefits, whether they need it or not. That has been true since 1964 when the Department of Labor determined unemployment is for all eligible workers no matter their income level. In 2022, The Biden Administration paid unemployment compensation to 5,773 people earning $1 million or more, with nearly $58 million going to out-of-work millionaires. It is an average of nearly $10,000 per person. In 2021, a COVID quarantine year with extra dough baked into unemployment, 14,972 people earning $1 million or more received unemployment compensation. The Biden Administration...