Anonymous wrote:Federal Reserve Chair Jerome Powell drew a stark picture of a labor market that looks fine on the surface—4.3% unemployment, but is quietly losing momentum underneath. Once you adjust for statistical overcounting in the payroll data, job creation is pretty close to zero.
“Job creation is very low, and the job-finding rate for people who are unemployed is very low,” Powell said.
Strong investment but weak hiring. Powell said the economy increasingly resembles a K-shape, with higher-income households and large corporations benefiting from strong stock markets and AI-fueled productivity gains, while lower-income consumers pull back under the weight of rising costs.
CEOs are openly telling investors “AI allows them to do more with fewer people.”
U.S. employers have announced nearly 946,000 layoffs so far this year with more than 17,000 explicitly tied to AI and another 20,000 to automation.
Unemployment among recent college grads is 5%.
“We have upside risks to inflation, downside risks to employment, this is a very difficult thing for a central bank, because one of those calls for rates to be lower, one calls for rates to be higher.”
https://fortune.com/2025/10/30/jerome-powell-ai-bubble-jobs-unemployment-crisis-interest-rates/
Anonymous wrote:Anonymous wrote:The idea that AI will lead to a plethora of new jobs is laughable. Knowledge based white collar work is on its way out. The most common jobs for the next generation will be soldier and sex worker.
It is definitely possible. The average American works in some way from the moment they get up until they go to bed. There is a lot of room for improved efficiency.
Improving efficiency can allow us to spend the time on other things. This is what happened when the computer went mainstream. What someone used to be able to accomplish in DAYS became possibly in hours due to internet communications. Many of the jobs out there today are possible because of the internet.
You simply don’t know that AI won’t create more jobs or create new industries.
Anonymous wrote:Anonymous wrote:If people have what it takes they could be in a law enforcement academy in 6 months.
Is there an age limit for this?
Anonymous wrote:Anonymous wrote:Anonymous wrote:If people have what it takes they could be in a law enforcement academy in 6 months.
Is there an age limit for this?
It depends on the department, but most seem to allow 35 to early 40s.
Anonymous wrote:Anonymous wrote:If people have what it takes they could be in a law enforcement academy in 6 months.
Is there an age limit for this?
Anonymous wrote:If people have what it takes they could be in a law enforcement academy in 6 months.