"Consider radiology. AI now assists with reading scans, but demand for radiologists continues to grow. That is not a paradox. A radiologist’s purpose is to care for patients. Reading scans is one task along the way." blogs.nvidia.com/blog/ai-5-la...

"aren't you worried about farmworkers." yes. primarily i am worried that they are doing backbeaking labor in the hot sun and we rely on an entire shadow economy which can feel free to abuse them essentially at will.

This in response to the hundreds of thousands of people who have died as a result of Trump and Musk’s attack on USAID is clear evidence of the exact same kind of brain poisoning that produces, eg, JK Rowling. Winning an argument with the strangers in your phone becomes more important than human life

lol I know OP knows this, but a reminder that Black women, for at least a century, didn't have the choice to opt out of domestic work.

I think a new federal housing law with hard limits on certain types of rental housing is a fitting addition to a century’s worth of unintended consequences, and I don’t look forward to tracking the next one. ”Don’t just do something, stand there” has a long history of being underrated.

Every second of free time you have ever had in your life was subsidized by the existence of the combine harvester.

This is the same logic for keeping a West Virginia coal mine open, IMO. I'm an AI skeptic in many ways, but farm labor has already become tremendously automated, and that's a good thing. Human beings shouldn't have to work in fields *or* in mines. That's the kind of thing I *do* want to automate.

Matt you need to be thinking less about those RTs and more about those RCTs! get back to work!

Over the past decade, The City of Austin, Texas has permitted more housing in a typical year than the entire Commonwealth of Massachusetts. In 2022 alone, Austin approved 24,227 units, about 1.5× the number permitted across Massachusetts that year.

Yeah, probably a correlation.

Sen. Booker’s centerpiece proposal is a very costly expansion of the standard deduction that flows high up the income scale, but also includes critical provisions for supporting low-income families w/ kids and people working for very low pay, as well as sound offsets. x.com/DavidABergst...

I remember that during the CTC debate, a lot of people talked about how benefit programs like the CTC are rarely clawed back. But that's because people *fight* for these programs. Not because you can give u and let history do it's thing.

The reason most households are two income is that wages went *up*. As wages increase, "working in a company" becomes a better option than "working in domestic production".

<looks straight at camera>

For 2024, the *household* income quintiles were Top: 175k+ 2nd: 105-175k 3rd: 65k-105k 4th: 34.5k-65k Lowest: 0-34.5k Obviously somewhat subjective to living area, but most upper-income folks have very little sense of where they sit.

My sister told me with a straight face that I'd have to earn 600k to live in San Diego. I'm not sure what kind of weird WSJ-brained ailment this is, but it's strangely widespread.

An underdiscussed problem with Glonzo moves is they really only work once. Put another way, every 2028 dem now has to deal with Booker's crap instead of the actual problems the tax elimination idea is meant to solve.

Gonna offer y'all some CONTENT this morning: I just GOT OFF THE PHONE with the bike thief, HAVING ARRANGED A MEETUP RIGHT NOW. Going with the police, so we're off WISH ME LUCK

I love Econ-positng. Dan Habsmith of Guttermeyer Associates posts the most confusing chart you've ever seen and says "Quite surprising VARG numbers, SPLG index showing movement" and you get the context by one of his mutuals quoting it with "Buy a fucking gun and head for the hills. Right now."

“You’re a dinosaur, Bond. A relic of the global international order. 006 has been warmaxxing in the Middle East. He doesn’t even drink.”

It's funny that the next James Bond movie can't talk about Bond as a "cold war relic" (assuming it's contemporary). 35 year old Bond who was 10 on 9/11.

will stancil is discussing ai consciousness and determinism

Useful 🧵

The US Administration has embarked on a large, unprecedented program of excluding lawful, highly-skilled workers and students from the United States. I talked with the brilliant @gracesegers.bsky.social at @newrepublic.com about the broad economic ripple effects. newrepublic.com/article/2073...

"Gallup finds support for free trade at an all-time high." 👀

Philip Pullman said that anything that a child might encounter in their childhood is appropriate material for a children's story.

I suspect Hegseth/Miller think a silent majority will rally to zero-sum nationalism (tariffs), treating all immigrants as criminals, and a kill-first-think-later military posture (what Hegseth calls the “warrior ethic”). It's a big deal that this isn't happening. 6/ newrepublic.com/article/2074...

The real ESS is conspicuously signaling to an extended kin group that you will die if they stop caring for you for a minute

spotted in DC ❤️

Thanks to Meghna Chakrabarti and Claire Donnelly for having me on to chat about health care employment on their @wbur.org show On Point! We could have gone on a lot longer. You can listen here: www.wbur.org/onpoint/2026...

CBPP's @gbenga-ajilore.bsky.social provides insights and analysis on the latest jobs data released today.

My recap of today's jobs report. Don't overreact to the February data... Instead, you should worry about what spiking oil prices will do to future data. Link: macromostly.substack.com/p/bls-jobs-r...

FOLKS THIS IS WHAT HAPPENS WHEN YOU USE OLS ON A BOUNDED CONTINUOUS VARIABLE 🤦

Remember the famed 1990s productivity boom? Post-covid era is now beating it. That includes nice wage increases, and an even higher rate of growth in the non-financial corporate sector. I continue to be surprised nobody cares about this, outside massive dorkwads.

I would just like to note that I would have purchased a Switch 2 and several games in a non-tariff counterfactual.

Not a great time for widespread implementation of work requirements for SNAP now is it?

Each jobs report matters, and next month is going to be crucial in determining the trend.

Hey, remember the native-born jobs boom? It's officially over (and was a statistical mirage to begin with) www.bloomberg.com/opinion/arti...

To be clear: This decline predates the current administration, and is not a sign of political interference - it is just harder today to get people to respond to surveys. But persistent underfunding of BLS also contributes, as do the staffing cuts in the last year.

Good thread and article. One factor it doesn't mention is that survey response rates have fallen a lot. The CPS (households) has gone from near 90% to <70%; the CES (estabs) from 60%+ to 42%; the JOLTS is in the low 30s. That hurts reliability and increases revisions. www.bls.gov/osmr/respons...

Just to put a finer point on this 50k jobs is 0.03% of nonfarm payroll employment. Imagine how hard it is to measure something to that degree of accuracy! Basically impossible, which is why you need to cross-check the signal from that measurement,.

Folks I am begging you to NEVER, EVER change your forecast for the economy based on one payrolls print. The data are too volatile, too dramatically revised, and only part of a broader mosaic of data. Hell, payrolls are only half the monthly report.

Here at the Fed, we are rationally exuberant to celebrate your 100th birthday with you. Happy birthday, Alan Greenspan! youtu.be/lp1sJDa5MsI

Imho “what will happen to the labor market if health care weakens” gets the causality chain backwards

This is absolutely right. What I'd say is that the labor market has continued to show significant weakness and there is worry it's not strong enough to weather significant shocks — like for instance a huge spike in gas prices stemming from an immoral war in Iran, along with mass deportation efforts.

I..uh ...did not say this.

This would be very easy to do! The infrastructure is there - this is what American Job Centers are *supposed* to be. But when people go to AJCs they have to fill out a bunch of paperwork and then wait to get processed before they got job search assistance. www.dol.gov/sites/dolgov...