Today in Labor History March 30, 1930: Hundreds of thousands of unemployed workers demonstrated in thirty cities. 35,000 marched in New York City and were violently assaulted by the police. At the time, there was virtually no formal aid available for the unemployed or poor. The ruling elite feared that workers would choose the dole over work if given the choice. So, they opposed unemployment insurance. Even the AFL opposed unemployment insurance because it saw itself as the representative of skilled workers only. It didn’t care about unskilled factory workers. The demonstrations were organized by the Communist Party, with the goal of overthrowing capitalism.

#workingclass #LaborHistory #communism #PoliceBrutality #police #unemployment #newyork #afl #Demonstrations #capitalism

Is it just me, or are there more #FOSS projects getting #abandoned in the past 1-2 years than previously? Perhaps due to #unemployment ?

Several libraries and utilities that I rely on have suddenly started rotting on the vine, and I don't trust my future enough to take on maintainer responsibilities.

#russia #ukraine #kenya #ghana #rsa #cameroon #egypt #uganda #gambia #nigeria: #warofaggression / #recruitment / #deception / #africa

„A growing number of African nationals are being drawn into Russia’s war against Ukraine. (...) Young men targeted in countries where #unemployment is high and #poverty is prevalent are lured with the promise of well-paid civilian jobs and then coerced into #militaryservice on some of the war’s most dangerous front lines.”

https://www.theafricancourier.de/lured-into-war-how-russia-recruits-africans-to-fight-against-ukraine/

📝 Plot: Fred, a qualified but unemployed crane operator in suburban France, struggles with boredom and economic hardship. When he agrees to drive a truck for a friend, he is unwittingly drawn into a criminal entanglement that puts him at odds with police and dangerous men as he fights to clear his name and survive in a gritty social thriller.

#FredMovie #Drama #Thriller #SocialRealism #CrimeDrama #FrenchCinema #Unemployment #SuburbanLife #FightForJustice

The American dream’s price tag in 2025 increased by $600K to a whooping $5 million

https://medium.com/@sensmedia.srl/the-american-dreams-price-tag-in-2025-increased-by-600k-to-a-whooping-5-million-29b6092dfd0c
#jobs #unemployment #americandream #economics #statistics #europe

"Imagine that automating a task requires a $10 million dollar investment (buying the software, onboarding, connecting it to the rest of the system, etc.). In one case, this task is the only non-automated task left in a job; in the other case, if this task is automated, there are 19 other non-automated tasks left. The firm has a much higher incentive to automate the task in the first case than the second because it can then replace the worker and reap the cost savings involved.1

Because of this, firms have a stronger incentive to invest in technology to automate low dimensional jobs. In a low-dimensional job, automating all or most of the core tasks can eliminate the position and the wage bill altogether. That makes the return to automation much larger. In other words, not all “unexposed” tasks matter equally: in some jobs the remaining tasks still keep the existing worker at the firm; in others they do not.

This gives a clear prediction: even if a job is not currently “exposed” to AI, in the sense that AI is not being used for the tasks involved, if it is low dimensional and the technology is getting close to automating the tasks, it should be considered at risk. Firms will work harder and invest more to automate the task(s) involved than in the case where jobs have many non-automated tasks.

This is why we think people should be more worried about jobs like trucking and warehousing."

https://aleximas.substack.com/p/how-will-ai-driven-automation-actually

#AI #GenerativeAI #Automation #Unemployment #Productivity