Really no wonder why workers think that they’ll get very little of any gains from AI
Our @AlexSJacquez says it best in @NOTUSreports:
Data centers need to be paying their fair share. These guys are getting fabulously wealthy, and it’s very clear the public is against them.
Uber only became profitable once it started using its own algorithm against its own drivers to see what the lowest wage they'd accept was.
Cory Doctorow on @weeklyshowpod explains how AI surveillance is being used to both price gouge AND wage discriminate.
Besides the obvious fact that it’s better to have job gains spread broadly across the economy, what’s concerning is that labor demand in health care is largely driven by demographics and illness, so the sector can be hiring a lot even if the rest of the economy falters.
Something rare happened in the Senate this week.
Hawley & Durbin agreed: surveillance pricing is "one of the biggest scams in American history."
As @owenslindsay1 said: "They catalog your location, your purchase history, & even your cursor movements to predict exactly how much
The most consequential part of this week's hearing before @JudiciaryDems?
Our @owenslindsay1 described not today's problems, but tomorrow's:
"As AI agents gain access to your habits, purchases, & personal conversations, the risk of being ripped off will only grow."
Today’s job report was BAD.
The economy lost 23,000 jobs
Leisure & hospitality lost jobs in June and July, even though the U.S. hosted the World Cup!
264,000 people left the labor force, following the 1 million that left in Jan and the 700,000 that left in June
This is a bleak July jobs report:
-23,000 jobs lost in July. (Losses occurred in retail, finance, hospitality, local gov't education)
-264,000 people leave the labor force
-Wage growth falls to 3.2% = lowest in 5 years (and totally wiped out by inflation right now)
***Lowest
The economy lost 23,000 jobs in July, and job growth in May and June was revised down by a combined 103,000. After those revisions, the economy has added just 20,000 jobs per month on average over the past three months.
The #TrumpToll is hitting families just as they’re getting ready to send their kids back to school.
School supply prices are up 7.7%, an even bigger jump than last year. And the essentials families rely on to pack school lunches? Up 11%.
From backpacks and notebooks to the food
As the job market ticks into the red, workers with jobs are clinging to their paychecks. Real wages are slipping as prices continue to rise with no relief in sight.
Big MISS on jobs. The mini-boom at the beginning of the year is no more. The trend is clear, and headed in the wrong direction.
Trump is corrupt and unpopular, but Democrats aren't capitalizing. Drop the Qatari jet and the Reflecting Pool and connect Trump's corruption to the thing voters care about: their pocketbooks. With @alivitali 👇
Our @owenslindsay1 testified before @JudiciaryDems this week with a simple message about corporate surveillance pricing:
"The answer can't be to teach everyone how to beat the machine. We must set rules of the road so the machine plays fair."
REMINDER: Republicans cut $187 BILLION from SNAP in order to fund their billionaire tax break.
That's about... checks notes... 37,400,000,000 Costco rotisserie chickens.
Just saying.
Senate Ag panel set to vote on rotisserie chicken in SNAP http://dlvr.it/TTt69z
