Category «Economy»

Payrolls to Prompts: Firm-Level Evidence on the Substitution of Labor for AI

Slashdot: “A new study [PDF] from Ramp’s economics lab has found that businesses are steadily replacing freelance workers hired through platforms like Upwork and Fiverr with AI tools from OpenAI and Anthropic, and the substitution is happening at a fraction of the cost. The paper, authored by Ryan Stevens, Ramp’s Director of Applied Sciences, tracked …

Subjects: AI, Economy, Internet, Knowledge Management

Firm Data on AI

Firm Data on AI – Ivan Yotzov, Jose Maria Barrero, Nicholas Bloom, Philip Bunn, Steven J. Davis, Kevin M. Foster, Aaron Jalca, Brent H. Meyer. Working Paper 34836. DOI 10.3386/w34836. Issue Date February 2026 We present the first representative international data on firm-level AI use. We survey almost 6000 CFOs, CEOs and executives from stratified …

Subjects: AI, Economy, Financial System

The Worst-Case Future for White-Collar Workers

The Atlantic Gift Article: “…the labour market for office workers is beginning to shift. Americans with a bachelor’s degree account for a quarter of the unemployed, a record. High-school graduates are finding jobs quicker than college graduates, an unprecedented trend. Occupations susceptible to AI automation have seen sharp spikes in joblessness. Businesses really are shrinking …

Subjects: AI, Economy, Education, Knowledge Management

Trump Action Tracker

Trump Action Tracker – “Documenting the actions, statements, and plans of President Trump and his administration that echo those of authoritarian regimes and may pose a threat to American democracy, since January 2025…This project is led by Professor Christina Pagel, a UK-based health services researcher and science communicator. She created and maintains the dataset underlying …

Subjects: Censorship, Civil Liberties, Climate Change, Congress, Defense, Economy, Education, Energy, Environmental Law, Government Documents, Legal Research, Legislation

New Report Finds Trump’s Attack on the CFPB Has Cost Americans $19 Billion in One Year Alone

Read the Full Report (PDF) “Today, the Senate Committee on Banking, Housing, and Urban Affairs Minority Staff released a new report analyzing the cost to American consumers of President Trump’s attack on the Consumer Financial Protection Bureau (CFPB), the agency that has returned $21 billion directly to Americans who were cheated by big banks and …

Subjects: Congress, Economy, Financial System, Government Documents, Legal Research

With no local news, those in news deserts turn to social media feeds, influencers and gossip

Medill: “In local news deserts in the U.S., residents rely heavily on social media and other non-journalistic sources to stay informed, according to a comprehensive survey by the Medill Local News Initiative at Northwestern University. The survey revealed that among people who consume news daily in news deserts, a little more than half (51%) said …

Subjects: Economy, Internet, Knowledge Management, Search Engines, Social Media

AI Doesn’t Reduce Work – It Intensifies It

The Harvard Business Review – “…Right now, many companies are worried about how to get more employees to use AI. After all, the promise of AI reducing the burden of some work—drafting routine documents, summarizing information, and debugging code—and allowing workers more time for high-value tasks is tantalizing. But are they ready for what might …

Subjects: AI, Economy, Education, Internet, Knowledge Management

Congressional Budget Office projected a $1.85 trillion deficit this fiscal year

CBO – “…The budget projections are based on CBO’s economic forecast, which reflects trade policy as of November 20, 2025, and economic developments and laws in place as of December 3, 2025. The budget projections also incorporate the effects of laws in place as of January 14, 2026. (CBO’s projections do not include the effects …

Subjects: Congress, Economy, Financial System, Government Documents, Legal Research

Trump set off a surge of AI in the federal government. See what happened.

Washington Post: “As the Trump administration seeks to sweep away obstacles to developing artificial intelligence, the president’s team has brought its zeal for the new technology to the federal government itself. Orders came down from the White House budget office in April urging every corner of the government to deploy AI. “The Federal Government will …

Subjects: AI, Cybercrime, Cybersecurity, E-Government, E-Records, Economy, Government Documents, Legal Research