In a recent piece in Bloomberg, labor economist Kathryn Anne Edwards proposes a solution to the Social Security trust fund shortfall: change the tax treatment of the self-employed.
There’s no real evidence yet that AI is eliminating entry-level jobs en masse, but researchers say that doesn’t mean we shouldn’t be preparing for the possibility.
One major factor is that the population is aging — and therefore retiring out of the workforce. Another factor is the crackdown on immigration, since immigrant communities have some of the highest labor force participation rates.
Wages are growing, but not as quickly as they were at this time last year, according to the latest numbers from the Bureau of Labor Statistics. It’s hard to get a raise when people aren’t changing jobs.