Hacker News with Generative AI: Economics

World faces new danger of 'economic denial' in climate fight, Cop30 head says (theguardian.com)
The world is facing a new form of climate denial – not the dismissal of climate science, but a concerted attack on the idea that the economy can be reorganised to fight the crisis, the president of global climate talks has warned.
Climate Change, Economics, International Relations
8 points by doener 30 days ago | 0 comments
A hidden measure in the Republican budget bill would crown Trump king (theguardian.com)
If enacted, Donald Trump’s Big Ugly Bill as it emerged on Thursday from the House of Representatives would result in the largest redistribution of income and wealth in American history – from the poor and working class to the rich.
Politics, US Politics, Economics, Legislation
22 points by tocs3 31 days ago | 3 comments
Why AI hasn't taken your job – And any jobs-pocalypse seems a long way off (economist.com)
ALMOST EVERY week the world takes another step towards artificial super-intelligence. The most powerful AI models can do an astonishing array of tasks, from writing detailed reports to creating video on demand. Hallucinations are becoming less of a problem.
Artificial Intelligence, Automation, Labor, Economics
32 points by helsinkiandrew 32 days ago | 51 comments
Businesses are finding a tariff workaround: the first sale rule (cnbc.com)
Business, Economics, Tariffs, Trade
7 points by ryan_j_naughton 32 days ago | 0 comments
The cost of AI is being paid in deserts far from Silicon Valley (restofworld.org)
When Sonia Ramos was a child, she witnessed an accident that would shape the rest of her life.
Artificial Intelligence, Environmental Impact, Economics
16 points by donohoe 32 days ago | 3 comments
Does employee happiness create value for firm performance? (nature.com)
This study examines the impact of employee happiness on firm performance in the UK using data from the “Best 100 British Companies to Work For” list (2001–2020).
Employee Happiness, Firm Performance, UK Business, Research, Economics
5 points by thisislife2 33 days ago | 0 comments
Work requirements penalize workers in volatile occupations (brookings.edu)
Work requirements with a set monthly work-hour threshold, such as those Congress is currently considering adding or expanding in means-tested programs, are poorly matched to the nature of employment in the service sector.
Economics, Employment, Social Policy, Government Policy
10 points by hn_acker 33 days ago | 1 comments
U.S. Coin Circulation: The Path Forward (2022) [pdf] (frbservices.org)
Currency, Economics, Finance, United States
5 points by toomuchtodo 34 days ago | 0 comments
How the Russian automotive sector was driven off a cliff (tochnyi.info)
2024 was a good year for Russian car sales, with 1.57 million new cars sold; a 48.4% increase over 2023 [1]. Truck sales also saw good results, with 126,000 trucks sold, despite this being 12% lower than in 2023 [2]. LCV sales also grew by 24.4%, to 112,000 [3]. It seems, however, that this figure may have peaked, with sales predicted to fall and, starting in late 2024, the entire industry entered a period of prolonged decline.
Russia, Automotive Industry, Economics, Business, Sales
5 points by mariuz 34 days ago | 0 comments
Tariffs in American History (imprimis.hillsdale.edu)
Tariffs are among the oldest of taxes for the simple reason that they are easy to collect.
American History, Economics, Taxes
150 points by smitty1e 34 days ago | 246 comments
Trump calls for 50% tariff on EU, says he's 'not looking for a deal' with bloc (cnbc.com)
Politics, Trade, International Relations, Economics, United States
19 points by consumer451 35 days ago | 6 comments
America is in danger of experiencing an academic brain drain (economist.com)
America is in danger of experiencing an academic brain drain 
Education, Economics, Immigration, United States
64 points by mraniki 36 days ago | 136 comments
Latin America's Baby Bust Is Arriving Early (bloomberg.com)
Latin America’s demographic time bomb keeps ticking.
Latin America, Demographics, Population Trends, Economics
10 points by toomuchtodo 36 days ago | 2 comments
Americans favor labor unions over big business now more than ever (epi.org)
For decades, Americans were evenly divided in their relative support of labor unions and big business, but that’s no longer the case. Now, Americans are more likely to side with labor than at any time in the past 60 years. For people whose instincts about economic and political conflicts between unions and big business were honed more than a decade ago, it’s time to update your understanding.
Labor Unions, Big Business, Public Opinion, Economics
8 points by Traces 36 days ago | 0 comments
What happens if investors lose faith in America? (paulkrugman.substack.com)
I used to be an economics ambulance-chaser — someone who raced around the world to wherever there was an interesting economic calamity. And this international experience probably made me more sensitive than most economists to the way economies that seem to be doing OK can suddenly fall off a cliff into economic crisis.
Economics, United States, Finance, Global Economy
11 points by dxs 36 days ago | 1 comments
The Treasury unveils its plan to kill the penny (cnn.com)
Finance, Economics, US Politics
12 points by haunter 36 days ago | 19 comments
Treasury Yields Soar as Ballooning U.S. Deficit Worries Wall Street (investopedia.com)
Treasury debt continued its wild ride on Wednesday, with yields soaring amid concerns about the U.S. government’s unsustainable deficit spending.
Finance, Economics, Debt, United States
62 points by inverted_flag 37 days ago | 48 comments
It’s So Over, We’re So Back: Doomer Techno-Optimism (2024) (americanaffairsjournal.org)
Tyler Cowen caused quite a stir when he published *The Great Stagnation* in 2011, claiming America achieved success by eating “all the low-hanging fruit of modern history” and was in for a period of stagnation.
Technology, Economics, Culture, Social Commentary
36 points by Multicomp 37 days ago | 28 comments
What happened to American manufacturing is not unusual (waldrn.com)
President Trump’s chaotic implementation of new tariffs has roiled markets and wrecked decades of international cooperation and free trade agreements.
Trade, Manufacturing, Politics, Economics
18 points by nabla9 38 days ago | 19 comments
Exploring an Extreme Wealth Line (neweconomics.org)
It has long been accepted that there is a line beneath which people have too little to thrive or survive. In a period defined by rapidly growing wealth inequities, there is increasing discussion about whether we should also be asking how much is too much.
Economics, Inequality, Wealth
8 points by edward 38 days ago | 8 comments
Why does the U.S. always run a trade deficit? (newyorkfed.org)
The obvious answer to the question of why the United States runs a trade deficit is that its export sales have not kept up with its demand for imports.
Economics, Trade, United States
325 points by jnord 38 days ago | 778 comments
Why men feel sad when their wives earn more (bbc.com)
What we earn can affect our mental wellbeing, especially when we compare ourselves to those around us – and it can negatively influence male mental health.
Gender, Mental Health, Relationships, Economics, Social Comparison
6 points by pseudolus 38 days ago | 0 comments
Revenue effects of Denuvo digital rights management on PC video games (sciencedirect.com)
In the personal computer video game market, a digital rights management (DRM) technology called Denuvo has been used since 2014 to restrict software usage to legitimate buyers, thereby preventing piracy.
Video Games, DRM, Revenue, Piracy, Economics
4 points by doener 39 days ago | 1 comments
Why did U.S. wages stagnate for 20 years? (noahpinion.blog)
A week ago I wrote a post arguing that globalization didn’t hollow out the American middle class (as many people believe):
Economics, Globalization, Wages, United States
90 points by paulpauper 39 days ago | 157 comments
Attack of the Sadistic Zombies – Paul Krugman (paulkrugman.substack.com)
Republicans in Congress, taking their marching orders from Donald Trump, are on track to enact a hugely regressive budget — big tax giveaways to the wealthy combined with cruel cuts in programs that serve lower-income Americans.
Politics, Economics, Social Issues
83 points by rbanffy 39 days ago | 23 comments
The Inequality Myth – Western Societies Are Growing More Equal, Not Less (foreignaffairs.com)
Spend a few minutes browsing political commentary or scrolling social media and you will discover a seemingly settled truth: inequality in the West is soaring, the middle class is being hollowed out, and democracies stand on the brink of oligarchy.
Economics, Inequality, Politics, Social Commentary
8 points by pseudolus 39 days ago | 7 comments
The Economist's global rip off (halcrawford.substack.com)
Two years ago I looked into The Economist’s global subscription pricing structure and found a labyrinthine mess that seemed irrational and unfair. For exactly the same digital content, delivered over the internet, prices varied by over 300% depending on the subscriber’s nationality. Subscribers in poor nations like Pakistan and Burundi were paying double the rate of rich nations like Canada and South Korea.
Economics, Subscription Services, International Business, Pricing, Inequality
55 points by austinallegro 40 days ago | 36 comments
U.S. Downgraded by Moody's as Trump Pushes Costly Tax Cuts (nytimes.com)
The credit rating of the United States received a potentially costly downgrade on Friday, as the ratings firm Moody’s determined that the government’s rising debt levels stood to grow further if Republicans enact a package of new tax cuts.
Politics, Economics, Finance, United States
16 points by whack 40 days ago | 2 comments
UK overtakes China as second-largest US Treasury holder (ft.com)
Finance, Economics, China, United Kingdom, United States
7 points by paulpauper 40 days ago | 0 comments
US loses last perfect credit rating amid rising debt (bbc.com)
The US has lost its last perfect credit rating, as influential ratings firm Moody's expressed concern over the government's ability to pay back its debt.
Finance, Economics, United States, Credit Rating
68 points by WillDaSilva 41 days ago | 3 comments