Tag Archives: technology

Treasury Secretary Mnuchin says AI taking US jobs is ’50-100 years away’ — but it’s already beginning to happen

steven mnuchin

On Friday, US Treasury Secretary Steven Mnuchin answered a slew of questions in an interview with Axios’ Mike Allen about the global economy and US labor market, including about the threat of artificial intelligence (AI) affecting American jobs.

Mnuchin is not overly worried. Concerns about AI and jobs are so far way "it’s not even on our radar screen… 50-100 years" away, he said, according to Axios.

"I’m not worried at all" about robots displacing humans in the near future, he said, before adding, "In fact, I’m optimistic."However, studies have estimated that AI could affect jobs much sooner than that. And, […]

No, iPhones Aren’t Luxury Items. They’re Economic Necessities


Apple To make it in America, you have to hustle. Fast-food worker or CEO, Uber driver or student, you have to stay connected in an economy built on the assumption that anyone is always reachable anywhere. In 2017, that means you need a smartphone.

When Apple released the iPhone in 2007, the world understood it as a gadget, a novelty, a cool thing you plunked down a handful of cash for if you were lucky enough to have the money. Then you just needed to figure out what to do with it. At first the answer was: play games and […]

Remarks by the President on Economic Mobility

THE PRESIDENT: Thank you. (Applause.) Thank you, everybody. Thank you so much. Please, please have a seat. Thank you so much. Well, thank you, Neera, for the wonderful introduction and sharing a story that resonated with me. There were a lot of parallels in my life and probably resonated with some of you.

Over the past 10 years, the Center for American Progress has done incredible work to shape the debate over expanding opportunity for all Americans. And I could not be more grateful to CAP not only for giving me a lot of good policy ideas, but also giving […]

No, iPhones Aren’t Luxury Items. They’re Economic Necessities


Apple To make it in America, you have to hustle. Fast-food worker or CEO, Uber driver or student, you have to stay connected in an economy built on the assumption that anyone is always reachable anywhere. In 2017, that means you need a smartphone.

When Apple released the iPhone in 2007, the world understood it as a gadget, a novelty, a cool thing you plunked down a handful of cash for if you were lucky enough to have the money. Then you just needed to figure out what to do with it. At first the answer was: play games and […]

How America Gave Up on Change

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In his last book, economist Tyler Cowen wrote about how machine intelligence could change the world. In his new book, The Complacent Class , he writes about the forces that prevent change from happening. In particular, he argues that America has become more averse to change in recent decades, and that this has transformed our work, our leisure, and our neighborhoods.

I asked Cowen to explain his thesis and what it means for our companies, our careers, and even our politics. The conversation was edited for clarity and concision.

HBR: In the book, you write, “Americans are in fact working […]

Housing costs aggravate area’s inequality, report says

BOSTON, MA - 11/05/2015: AERIAL VIEWS Interior view of an apartment at 100 Pier 4, the new apartment building. Construction moves on at a fast pace in the Seaport District. (David L Ryan/Globe Staff Photo) SECTION: BUSINESS TOPIC 03seaporthousing(1)

BOSTON, MA – 11/05/2015: AERIAL VIEWS Interior view of an apartment at 100 Pier 4, the new apartment building. Construction moves on at a fast pace in the Seaport District. (David L Ryan/Globe Staff Photo) SECTION: BUSINESS TOPIC 03seaporthousing(1) Even as Greater Boston becomes more racially diverse, the high cost of housing has left the region increasingly racially and economically segregated over the past five years, a report released Tuesday by a regional planning group said.

Although Greater Boston has made progress closing some gaps, in the health and education of children of color vast economic disparities persist and in […]

Housing costs aggravate area’s inequality, report says

BOSTON, MA - 11/05/2015: AERIAL VIEWS Interior view of an apartment at 100 Pier 4, the new apartment building. Construction moves on at a fast pace in the Seaport District. (David L Ryan/Globe Staff Photo) SECTION: BUSINESS TOPIC 03seaporthousing(1)

BOSTON, MA – 11/05/2015: AERIAL VIEWS Interior view of an apartment at 100 Pier 4, the new apartment building. Construction moves on at a fast pace in the Seaport District. (David L Ryan/Globe Staff Photo) SECTION: BUSINESS TOPIC 03seaporthousing(1) Even as Greater Boston becomes more racially diverse, the high cost of housing has left the region increasingly racially and economically segregated over the past five years, a report released Tuesday by a regional planning group said.

Although Greater Boston has made progress closing some gaps, in the health and education of children of color vast economic disparities persist and in […]

These colleges are better than Harvard at making poor kids rich


Justefrain The campus of Cal State – LA, one of the best schools in the country for economic mobility. When the development offices of massive, astoundingly wealthy universities like Harvard, Yale, Stanford, and Columbia make their pitches to prospective donors, the number one message is always the same: financial aid.

The idea, bolstered by profile after profile of talented students from humble backgrounds accepted into these elite schools, is that giving to Harvard (endowment: $35.7 billion ) and Yale ( $25.4 billion ) helps low-income students from poor towns and neighborhoods afford tuition. The institutions aren’t just leading producers of […]

Unemployment numbers don’t tell real struggles of US families

Unemployment numbers don

© Getty Images Monthly unemployment figures have long been the barometer of America’s economic health. Unfortunately, they fail to tell the real story of the economic pressures experienced by American families, conditions that are rife with employment insecurity that constrict and ultimately threaten the American dream.

It is time for a new measure of economic health, one that takes into account a new national climate that has been changed by technology, labor practices, globalization and cataclysmic events such as the Great Recession and its seemingly bounce-less rebound for low- and middle-income Americans.

To truly understand the economic stability of American families, […]

ICYMI: NJIT top ranked in the nation for student economic upward mobility

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According to a recent ranking, New Jersey Institute of Technology is one of the top colleges in the nation in terms of its ability to increase the economic standing of its graduates.

The honor was conferred by The Equality of Opportunity Project and highlighted in a New York Times op-ed by columnist David Leonhardt. In it, Leonhardt laments that the “heyday of the colleges that serve America’s working class can often feel very long ago,” citing the struggles of institutions like City University of New York and the California state university system, in terms of both budgets and the preparedness […]