Australian think-tank the Grattan Institute has released three new trackers, or charts, that offer an up-to-date glance at what the economy looks like right now.
The Morrison government has thrown the kitchen sink at the domestic economy, with $320 billion in stimulus measures designed to cushion the damage.
The Grattan Institute’s charts are regularly updated with the latest statistics to form a quick view of how many jobs have been lost and where, the number of businesses that have been affected, and how consumers are feeling.
The impact of Covid-19 to the Australian economy has been described as the worst since the Great Depression by both the RBA Governor Philip Lowe and the Grattan Institute in a separate report.
In 2012, Futurist Thomas Frey predicted that 2 billion jobs would disappear by 2030, roughly half of all jobs that exist today. Oxford University researchers reinforced this with their estimates that 47 percent of U.S. jobs could be automated within the next two decades. But which ones will robots take first?
First, we should define “robots” as technologies, such as machine learning algorithms running on purpose-built computer platforms, that have been trained to perform tasks that currently require humans to perform.
In a reversal of one of the most significant immigration trends in U.S. history, more Mexicans are leaving the United States than migrating into the country, according to a study published Thursday by the Pew Research Center.
Second Life, a 3D virtual world used to be hyped up as the future of internet communication. But now Second Life is more commonly thought of as an example of overbaked optimism about what’s next in tech.
Citigroup’s chief economist, Willem Buiter, sees a storm brewing in China. He estimated that there is a 55 percent chance of a made-in-China global recession in the not too distant future, which he defines as a period of sub-2 percent global growth.
HowMuch.net has come up with a very cool data visualization that’s a little bit unorthodox. The way it works is that it visualizes the entire world’s economic output as a circle. That circle is then subdivided into a bunch of blobs representing the economy of each major country. And then each country-blob is sliced into three chunks — one for manufacturing, one for services, and one for agriculture.
The labor movement in the U.S. is finally starting to go online. It was born from the shifting economic environment created by the Industrial Revolution—and we are, once again, at a technological turning point: this time, change is driven across transistors rather than by steam engines. Labor issues are as much in flux as any part of the economy, with Uber and other “on-demand economy” companies creating both new opportunities and new perils for workers. Workers’ rights are struggling to keep pace with technological progress.
There have been articles about the primacy of software engineers over the past several years. The fact that technical majors are making more money coming out of college than their classmates and the average salary for a developer has risen dramatically over the past few years supports this reality.
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According to a recent paper published in the Portuguese academic journal, OBS, the single most striking element explaining the difficulty in the discovery and implementation of new business models for the media in the digital age, is the declining value of information in the networked society. Continue Reading »