You can see a preview of this in local markets that have experienced population declines. Housing is relatively cheap but the housing stock depreciates faster and there is litle new construction so the supply effects somewhat mute the demand effects

AI isn't in the productivity data yet. -T at Apollo Output/hour is ∼2.5% but SF Fed TFP is ∼0% and flat since the AI boom started. Capital deepening.. not innovation.

This image, from the forced ouster of NIH director Francis Collins, is just unbelievably gutting and enraging

Good on Michael Lewis for giving the DOGE story the journalistic-thriller treatment it deserves. Two events that fundamentally shook my sense of this country's stability were January 6th, 2021, and the six months I spent dealing with DOGE.

“AI is identifying more billable conditions, not sicker patients“ interesting article on AI cost pressure in health care

Aldis are more common than Costco in rural areas, and rural areas have older populations than urban/suburban areas; familiarity may explain these generational differences.

So what is the cheaper alternative? Genuine question

I have a chronic issue that the AI will tell me a certain paper can be cited as evidence for a claim and I will go read the paper and find that AI incorrectly characterized the findings

Justice, at long last, for Andreas Georgiou. A brave and honorable man

What's happening here has little to do with AI and more to do with structural change in the information sector, which is shedding jobs in legacy industries like telecom, media, and - more recently - motion pictures (covid, strikes, not recovering). The sector is not a good proxy for 'tech' jobs.