{{ Matthew Gallagher took just two months, $20,000 and more than a dozen artificial intelligence tools to get his start-up off the ground.
From his house in Los Angeles, Mr. Gallagher, 41, used A.I. to write the code for the software that powers his company, produce the website copy, generate the images and videos for ads and handle customer service. He created A.I. systems to analyze his business’s performance. And he outsourced the other stuff he couldn’t do himself. }}
intercst
How is this even a story? Two guys, at $1.8 billion, that’s only $900,000,000 each. They’re not even billionaires !
Since when did we let riff raff like this get into the headlines?
I must call the copy desk, some vermin has crept in and is trying to ruin the hierarchy.
I know you’re joking, but the story is that the upper middle-class management & professional .
segment of the economy is being eliminated by AI.
intercst
Yeah, maybe not.
Nursing Is the Surefire New Path to American Prosperity
With each step, the 33-year-old has boosted her pay and responsibilities. These days she is working at a primary-care clinic in Lincoln, Neb., earning about $120,000 a year. She conducts annual physicals, treats respiratory illness and abdominal pain, and manages chronic conditions.
She and her husband, a garage-door technician, own a three-bedroom home, contribute to their 401(k)s and are taking their child on a trip to Florida this summer.
It’s gonna be hit and miss. Some professions are going to get whacked, some will do OK, maybe even better. Hard to predict.
Here’s one: manufacturing will continue its long, slow decline (which actually began in the 50’s.)
Every President Tries It. It Never Works.
[excerpt] Mr. Trump and Mr. Biden ran up against something that predecessors going all the way back to Ronald Reagan had already experienced: Reversing the loss of manufacturing jobs is extremely hard — and not necessarily desirable.
Manufacturing job share has been dwindling in nearly all middle- and high-income countries. By [one analysis], China lost more than 30 million of those jobs from 2011 to 2020, more than twice as many as the number of jobs that exist in the entire U.S. manufacturing sector. Yet total employment continued to grow, meaning the relative share of jobs in manufacturing fell even more sharply than the numbers alone would indicate.
Manufacturing output, meanwhile, has risen, because workers now produce far more per hour using better and more sophisticated equipment. Today a given number of autoworkers can make, according to my calculations, three times as many cars in a year as they could 50 years ago.
The problem is that consumers do not want three times as many cars. Even as people get richer, they increase their spending on manufactured goods only modestly, preferring instead to spend more on services like travel, health care and dining out. There are only so many cars a family can own, but that’s not the case for expensive vacations or fancy meals. As a result we have fewer people working in auto factories and more people working in luxury resorts and the like.
Nursing is manual labor. I’m talking about your McKinsey & Company consultants, corporate law firms, accounting firms and of course, the corporate Management & Executive class.
I thought it was hilarious that this guy was using Legal Zoom instead of hiring a law firm up until very recently.
intercst