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October 8, 2024
Tech sector layoffs have grabbed a lot of headlines over the past two years since the Federal Reserve ended its zero interest rate policy that enabled vast investment in research, development, and high-tech start-ups and as artificial intelligence (AI) has begun to reshape a growing number of sectors. A recent article from the Wall Street Journal highlights a harsh…
October 3, 2024
One of America’s great success stories has been the gradual opening of opportunities for women in nearly every field, from athletics to higher education. Nowhere has the change been more profound than in the workplace. In 1970, just over 15 percent of all management jobs were held by women. According to McKinsey, that figure has now risen…
August 20, 2024
Today, The Verge profiled a new Tesla project aimed at training robots for routine materials movement. The company is hiring workers between 5’7” and 5’11” to move 30-pound packages while wearing sensor arrays and virtual reality goggles. These workers will provide the motion capture data to train Tesla’s Optimus robots, which will eventually begin taking over this…
May 30, 2024
The Wall Street Journal reported recently that a bidding war has broken out among the tech giants for scarce and valuable generative AI talent. This scramble is part of a much bigger talent shortage that looms over the US economy in coming years as AI becomes critical business infrastructure. Since generative AI (GAI) burst onto the scene in late 2022, the technology has sped ahead, driven…
May 21, 2024
A recent study by UC San Diego researchers brings fresh insight into the ever-evolving capabilities of AI. The authors looked at the degree to which several prominent AI models, GPT-4, GPT-3.5, and the classic ELIZA could convincingly mimic human conversation, an application of the so-called Turing test for identifying when a computer program has reached human-level intelligence. The results were telling:…
March 20, 2024
FlexJobs, a career services firm specializing in remote and hybrid jobs, is out with another of its regular surveys on American attitudes towards job flexibility. Consistent with our own surveys, which found Americans valued flexibility on the job above all other factors, including pay, the new FlexJobs data takes the analysis a step or two further. It appears that…
February 5, 2024
One of the signal errors of Biden administration policy has been its tendency to take regulatory actions that reduce the flexibility of the economy generally and the labor market in particular. The latest example of this problem is a new US Department of Labor rule aimed at reclassifying millions of “gig” workers—people who work in contract roles—as employees. The…
January 29, 2024
In recent years, there has been a marked decline in public confidence in higher education, sparking debate on the value of a bachelor’s degree. In a new report published by AEI’s Center on Opportunity and Social Mobility, we seek to add some much-needed nuance to an increasingly go/no-go debate. Despite public perception, the bachelor’s degree continues to have great…
December 15, 2023
In today’s dynamic economy, the value of noncognitive skills cannot be overstated. While technical know-how and academic knowledge remain crucial, there is an increasing recognition of the role that skills like teamwork, resilience, and strategic thinking play in professional success. A fascinating area where these skills are intensively cultivated is athletics. Especially at competitive levels, sports serve as…
November 16, 2023
AEI’s Michael Strain contends that, at least for the next several decades, it is highly unlikely that artificial intelligence (AI) will all but eliminate human jobs. This is largely due to the “creative” side of creative destruction. Innovation creates wealth, wealth creates demand, demand spurs employment. The amount of work to be done always increases. Over the…