College grad unemployment isn't about AI

4 months ago

The net cost of US undergraduate education has fallen, especially at public colleges, due to increasing grants.
The college wage premium remains stable, yet American perceptions of college value have declined.
Unemployment among young college graduates is not disproportionately caused by AI but by economic downturns.
Prediction markets show uncertainty about Venezuela's political future after the US raid on Caracas.
New York's congestion pricing has reduced car entries and increased driving speeds, improving public opinion.
US productivity is expected to outpace other countries, with emerging markets not growing as fast as anticipated.
BYD overtakes Tesla in EV sales volume, though Tesla likely leads in dollar value due to higher prices.
Jobs involving messy, integrated tasks are less likely to be automated by AI than routine, well-defined tasks.
Immigration to Western countries has sharply declined, with the US seeing the steepest drop.
The EU's challenge is not being too strong but too weak, requiring a form of European nationalism to compete globally.
Occupational licensing in the US has stabilized, with no recent growth in the percentage of licensed workers.
Stack Exchange's activity has declined as users shift to LLMs for answers, even in specialized forums like MathOverflow.

Hasty Briefsbeta