Overreact and ramp up borrowing costs too fast and it could crash an already weakened economy, and create the conditions for a general strike.

THE UK’s bankers and the bosses now face the biggest economic catastrophe in the history of capitalism as they face making a big decision on Thursday.#britain #education #employment #england #pcs #strike #tuc #unemployment #unions
The crisis of capitalism is demanding a revolutionary solution by the working class! - Workers Revolutionary Party

"If you have read any of the dozens of reports into occupational exposure to AI produced of late, you will be familiar with the story: AI will destroy huge numbers of jobs in the knowledge economy, and we know this because of the particular tasks it is good at.

But history tells us that whether new technologies lead to falling, flat or even rising employment depends on a huge number of factors. These can be neatly illustrated by a walk through the different ways that one particular technological wave — the rise of the internet and software — has played out in recent decades.
An often overlooked question is whether there is such pent-up demand for a product or service that, when it becomes cheaper and more abundant, consumption rises at an even faster pace.

Large increases in software productivity since the 1990s were accompanied by rising, not falling, employment in web development: the explosion in demand for software far outstripped the reduction in the amount of labour required for a given amount of code production.

It has been a comparable but less dramatic story for most professional services. Software has made accountants, architects and advertising creatives more productive, but larger rises in appetite for their services mean employment has also risen."

https://www.ft.com/content/f55c4eba-6e10-4283-8eae-e9f475048b37?syn-25a6b1a6=1

#AI #GenerativeAI #Automation #Productivity #Unemployment

I saw a meme post on Facebook suggesting that no one earns a billion dollars except by wage theft, that no one works a billion times harder than other hardworking people who make ordinary wages. That seems a fair claim. I wrote this next paragraph in response, kind of as a spur of the moment thought, but it's something I want to spend more time thinking about:

I used to think that one solution to this was the practice of asking CEOs to not make more than some fixed multiple of their lowest-paid employee. But now I see the goal is to not employ anyone either. A lot of the benefits for corporations are justified on the idea that they employ people, so helping them helps people. Now that this assumption is on a path to being increasingly violated, we need to reconsider our special treatment of corporations as well.

#ai #corporations #billionaires #NoBilliionaires #LateStageCapitalism #ShareholderCapitalism #RegulatoryCapture #society #ethics #unemployment #automation #law #CapitalGains #CapitalGainsTax #WealthTax #inequality #fascism #feudalism #oligarchy

cedric (@cedric_chee)

AI가 대규모 실업을 일으키지 않을 수 있다는 경제학적 관점을 제시한다. 사람이 더 원하게 되는 재화는 기계가 만들수록 가치가 떨어지므로, AGI가 모든 노동을 대체하더라도 수요 구조 때문에 일자리 충격이 제한될 수 있다는 주장이다.

https://x.com/cedric_chee/status/2048296368465437068

#agi #economics #automation #unemployment

Πίσω από τους αριθμούς. Εργασία και ανασφάλεια στη Ναυπηγοεπισκευαστική Ζώνη Περάματος: https://socio-imagination.blogspot.com/2026/04/NEZperamakeratsini.html

#work #unemployment #labor #εργασία #ανεργία

The origins of the General Strike lay in the Great War. For four years, Britain (along with France and German, it must be added) sank most of its ...

They had nothing positive to campaign for and just demanded that their wages be maintained at earlier levels, when it was clear that to do so would bankrupt the industry.#Strikes #TradeUnions #TradesUnionCongress #Unemployment
Adrian Lee: The General Strike of 1926 – a noble fight or a futile gesture? | Conservative Home