The highest unemployment in the U.S. right now is in Michigan, Nevada, Rhode Island, and California. The news today is that California hit 12.2 % in August, setting another record. "New postwar high!" What war are they talking about...WWII?
A simple model of AI-aided economic growth
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The Solow model has its uses, but it fails when it comes to major changes
stemming from AI. Consider instead an economy with (at least) two factors
of p...
2 days ago
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