Good News on Unemployment, but So-So News on Jobs and Dependency

The official unemployment rate, released just yesterday, is down to 4.1 percent, which is the lowest it’s been since the end of the Clinton years. Even more impressive, the number of people getting unemployment benefits (i.e., getting paid not to work) has dropped to the lowest level since the early 1970s.… Read More

Stephen Hawking’s Final Warning: Why his Worries were Unwarranted

Hawking: If machines produce everything we need, the outcome will depend on how things are distributed. Everyone can enjoy a life of luxurious leisure if the machine-produced wealth is shared, or most people can end up miserably poor if the machine-owners successfully lobby against wealth redistribution.… Read More

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