aceLost jobs, inequality, rogue agents: why are we accepting oligarchs’ AI agenda? | Robert Reich
Rather than producing jobs, the US economy actually lost 23,000 jobs in July, according to Bureau of Labor Statistics data released on Friday. In addition, May and June’s job numbers were revised downward, showing a combined 103,000 fewer jobs than previously reported. As if this weren’t bad enough, wage growth has also slowed. Average hourly earnings rose by just 0.1% from June. This isn’t just a single month’s slow wage growth, either. Average hourly earnings increased just 3.2% over the past year – the lowest…
Workers in occupations significantly exposed to AI face higher unemployment, longer spells of joblessness, and contracted wage growth leading to billions in lost earnings.
Causal link between July job losses and AI is not established; article notes multiple factors may be at play and it is too early to determine full cause.
Evidence
- JournalismThe Guardian2026-08-13
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Truvace Impact Record TRV-2026-0744, v1: “Lost jobs, inequality, rogue agents: why are we accepting oligarchs’ AI agenda? | Robert Reich.” Truvace, 2026-08-14. /record/TRV-2026-0744 (accessed at citation time). sha256 506ff81bf0d2eb09…
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