Quotes and Mentions - March 12, 2024
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“Going forward, I think the combination of demographic change (retirement of baby boomers) as well as the possibility that AI will substitute for (as opposed to complement) skilled workers, can all point to more favorable conditions for lower-income workers. The usual caveats about uncertainty in these early days of AI should be kept in mind.”
A study by Arin Dube, economics, comments on the enduring effects of economic gains for lower-income workers. His research has found that between 2019 and 2023, wages adjusted for inflation had risen most for the lowest 20% of paid workers.
“There is simply no alternative."
An article by Robert Pollin, economics, is quoted in a story first published by Grist about cutting carbon emissions while still having economic growth. He explains how economic growth will be a natural byproduct of huge new investments in clean energy infrastructure.
An article on a likely rematch between President Joe Biden and former President Donald Trump cites a January UMass Amherst Poll finding that more than half of respondents would prefer that neither candidate run for president again.
“The United States and Europe seriously underestimated what Russia could and would do to prevail militarily in Ukraine. By mostly minimizing, marginalizing, or simply denying the decline of the U.S. empire relative to the rise of China and its BRICS allies, the United States and Europe missed that decline’s unfolding implications.”
Richard D. Wolff, professor emeritus of economics, writes how declines in America’s economic power has led to a losing battle in the war in Ukraine.