←back to thread

440 points pseudolus | 1 comments | | HN request time: 0.324s | source
Show context
kerblang ◴[] No.45057750[source]
High interest rates + tariff terror -> less investment -> less jobs

But let's blame AI

replies(19): >>45057802 #>>45057835 #>>45057896 #>>45058019 #>>45058030 #>>45058059 #>>45058070 #>>45058100 #>>45058231 #>>45058339 #>>45058429 #>>45058459 #>>45058497 #>>45058512 #>>45058575 #>>45058578 #>>45058645 #>>45058669 #>>45059576 #
ToValueFunfetti ◴[] No.45058100[source]
You really do have to account for why this is mainly happening in industries that are adopting AI, why it's almost exclusively impacting entry-level positions (with senior positions steady or growing), and why controlling for broad economic conditions failed to correct this. I doubt very much that these three Stanford professors would be blindsided by the concept of rates and tarriffs.
replies(6): >>45058305 #>>45058340 #>>45058444 #>>45058523 #>>45058528 #>>45058609 #
PhantomHour ◴[] No.45058444[source]
> You really do have to account for why this is mainly happening in industries that are adopting AI

Correlation is not causation. The original research paper does not prove a connection.

> I doubt very much that these three Stanford professors would be blindsided by the concept of rates and tarriffs.

They are nonetheless subject to publish or perish pressure and have strong incentives to draw publishable attention-grabbing results even where the data is inconclusive.

replies(2): >>45058465 #>>45061897 #
mensetmanusman ◴[] No.45058465[source]
Tariffs are just a massive government revenue generating consumption tax on particular industries. We would expect unemployment among the young trying to enter those industries to be hit hardest.
replies(1): >>45058476 #
hollerith ◴[] No.45058476[source]
Do you understand that American employers don't have to pay American tariffs?
replies(3): >>45058492 #>>45058520 #>>45058634 #
1. mensetmanusman ◴[] No.45058520[source]
Everyone pays mate