Fortune (August 2)
“Recent college graduates face one of the toughest job markets in years.” Some have attributed this to AI and automation, but others like Berkeley economist Brad DeLong believe “larger forces are at work.” He believes “the challenges confronting young job-seekers today are primarily driven by widespread policy uncertainty and a sluggish economy.” Basically, these unlucky “new entrants to the job market are bearing the brunt of the retreat to risk aversion.”
Tags: AI, Automation, Berkeley, Challenges, College graduates, DeLong, Economist, Job markets, Job seekers, Policy uncertainty, Sluggish economy, Toughest
Wall Street Journal (August 1)
“There is an irony in Detroit right now: The automaker most reliant on U.S. manufacturing is among the hardest hit by tariffs.” Of any automaker, Ford manufactures the most vehicles in the U.S. “Some 80% of the cars Ford sells in the U.S. are built there,” but Ford is being “put it at a disadvantage with foreign rivals. Those deals now set a 15% tariff rate.” Ford which paid $800 million for tariffs in Q2 has been particularly hard hit as it “faces steeper tariffs on many parts as well as higher costs for imported aluminum, which is subject to 50% duties.”
Tags: $800 million, 15%, 50, Aluminum, Automaker, Detroit, Disadvantage, Ford, Foreign rivals, Irony, Manufacturing, Parts, Q2, Reliant, Tariffs, U.S., Vehicles
