#economic-downturns

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Artificial intelligence
fromFortune
1 week ago

This unprecedented shift in unemployment suggests AI could strand white-collar knowledge workers in a jobless recovery after the next recession

AI adoption during economic downturns may lead to significant job displacement for white-collar workers. Historical recovery patterns may shift.
fromAxios
2 weeks ago

The next jobs downturn could mean an AI-induced purge of millions of workers

If firms face a costly adaptation process for automation to replace workers, then the cost of adjustment comes down during recessions when the opportunity cost of not producing is relatively low.
US politics
fromwww.housingwire.com
1 month ago

Housing market slowdown hits retirees long after they've sold

Residents of Harborside expect to recover only one-third of their promised refund after bankruptcy.
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