AI is going to replace half of all white collar jobs and in the next 5 years half of all entry level jobs:
2017:
'Each additional robot in the US economy reduces employment by 5.6 workers, and every robot that is added to the workforce per 1,000 human workers causes wages to drop by as much as 0.25 to 0.5 percent. Such are the conclusions reached by MIT’s Daron Acemoglu and Boston University’s Pascual Restrepo, who published their findings at the National Bureau of Economic Research.'
Robots Are Already Replacing Human Workers at an Alarming Rate
- Gizmodo
- NPR
- The Equality of Opportunity Project
Chart by Angus Maddison wiki.
- CNBC
The US has 4% of the world's population.
- CNN
- UCR EDU
- ISHN
Generation X was born between 1960 and 1980, Not 1965 to 1980, making it larger than the millennial generation.
- Huffpost
- NY Times
How AI is Impacting the US Workforce
'According to an analysis by Oxford Economics in 2019, robots could replace up to 20 million manufacturing jobs worldwide by 2030. In the US, the automotive industry uses 38% of the manufacturing robots now operating in the country — more than any other sector — and has seen a 14% reduction in human labor due to automation.'
"Even if Congress allowed the trust fund to become depleted, the large majority of scheduled benefits would still be payable on time and the obligation to make the scheduled payments would not change."
https://keithhalltaft.blogspot.com/2025/06/blog-post_25.html?m=1
'As a result of these changes, and particularly also due to tax increases, the Social Security system began to generate a large short-term surplus of funds in the early 1980s, intended to cover the added retirement costs of "baby boomers". Congress invested these surpluses into special series, non-marketable U.S. Treasury securities held by the Social Security Trust Fund. Under the law, the government bonds held by Social Security are backed by the full faith and credit of the U.S. government.'
- History of Social Security in the United States - Wikipedia
- SSA
AI Overview:
- Milefoot
https://www.ssa.gov/oact/STATS/table4a3.html
US currency in circulation increased markedly during the Covid stimuluses:
US Currency in circulation increased markedly in 1983:
- Macro trends Dow Jones Historical Chart since Social Security was created.
AI Overview:
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