Capitalism relentlessly shaves every product down to its platonic ideal.
ECONOMY
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Billionaire worship culture and ethical concerns in tech
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My bad. I'll worship billionaires instead. My mistake….
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Global Access to AI-Driven Medicine: Cost and Timeline Questions
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How long until the rest of the world starts paying for new medicine?
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Wage Equality and Income Distribution: Understanding Relative Inequality
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Yes, but when all wages increase by the same percentage, the spread of the distribution of wages relative to the mean doesn't change. In other words, the ratio between the incomes of, say, the top 10% and the bottom 10% stays the same.
The level of inequality does not change. -
Hard labor statistics data from National Bureau and Federal Reserve
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It's not an opinion.
It's hard numbers from the National Bureau of Labor Statistics and the Federal Reserve. -
Wage Distribution Trends: Why Averages Matter Less
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Averages would be less meaningful if the distribution of wages had changed (e.g. if high wages had increased faster than low wages).
But that doesn't seem to be the case. -
Median Wages Data for AI Industry Analysis
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Then post a graph of median wages instead of insults.
Be constructive. -
Wage Growth Outpaces Price Increases Since January 2020
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YMMV, but on average, wages have grown more than prices since January 2020.
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Automation Will Eliminate Professional Jobs, Contrary to Expectations
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Once again, we must prepare ourselves for the fact that many professions will disappear in the future. In a way, it is an irony of history that it was always believed that physical jobs would be the first to be eliminated by automation so that we could devote ourselves to the
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Inflation Moderates While Wages Rise Post-Covid
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Inflation was high during Covid, due to supply chain disruption (slope of the blue curve between spring 2020 and summer 2022).
But it has decreased continuously since then and is now at a very moderate annual rate of 2.1%.
Simultaneously, averages wages have increased faster