The thing that is fundamentally different about this product cycle is that the software itself can actually do the work and therefore the market opportunity for software today is no longer just IT spend. It's largely labor. It's not like all the jobs will go away.I actually think that's not going to happen at all. There are a lot of things where if I could hire somebody for a dollar to do this task, I would 100% do that. I've never been able to hire somebody for a dollar. Now I can hire software for a dolla ...

Labor Market Dynamics - A population drop of one-third to one-half, exemplified by the Black Plague, historically led to labor scarcity and wage doubling [1] - Globalization over recent decades has had the opposite effect on wages compared to the Black Plague era [1] - Gold's real value in terms of labor purchased decreased by 50% during the Black Plague, but alternative investments were limited [1] Economic & Investment Outlook - Demographic trends are currently strong, but projecting them beyond a century is uncertain [2] - Productivity gains from AI may replace owner-benefiting gains from globalization [2]

Trump’s immigration and deportation policies have created a lingering question for businesses, @jonathanjlevin says. If the flow of immigrant labor remains this low, how will America get the workers it needs? (via @opinion) https://t.co/QGXozCClYR ...

Factors of Production - Factors of production encompass land, labor, entrepreneurship, and capital [1] - These resources are essential for creating goods or services [1]

joining us this afternoon, Richard Fischer, former Dallas Fed president and Jeff senior adviser. Richard, great to see you again. Thanks for joining us today.Yeah, thank you Carl. What's up. Um, you know, the thing that got a lot of attention in in Pal's remarks was this notion that equities are quote fairly highly valued.I was thinking back to when Yellen got some blowback for saying small cap biotech shares were expensive back in the day. Did Did this line strike you as interesting. I think it's interesti ...

RT stevenmarkryan (@stevenmarkryan)When the marginal cost of:- Energy- Labor- IntelligenceFall to ~$0.Humanity enters an era of ABUNDANCE.The future is gonna be amazing. ...

Economic Impact - Deporting workers leads to crop spoilage, construction delays, and difficulties for nursing homes [1] - The deportation of workers results in tangible economic costs across various sectors [1]

Employee Concerns - Employees are planning to be out of office (OOO) for "Labor Day" on Monday [1] - The author questions the concept of celebrating labor by not working [1] - The author expresses a sentiment that every day is a labor day [1]

So, we're here at Jackson Hole at the Kansas Fed's annual economic symposium where there is clearly a lot of jockeying for position and that position is the new Fed chair. Do you have an opinion on monetary policy. So, we just had Jerome Pal's speech at Jackson Hole where he just opened the door to a rate cut in September.Is this Waller one of the guys who's in the running for the next Fed chair. There's so much ambiguity right now, but within that, somebody has to nail it. Yeah.Well, I nailed it. No questi ...

Market Trends & Economic Factors - This week's events, including the Fed decision, PPE data, and jobs report, could be an inflection point for stocks trading near records [1] - Markets are pricing in potential weakness in the labor market, despite current strength [4] - Tariffs are now six times higher than when Trump took office, representing the highest levels in post-World War history, which could become an issue [3] - Confidence is returning, leading to increased spending, particularly in CapEx [15] Company Performance & Earnings - UPS stock has been a disaster for 3.5-4 years, cut in half, indicating company-specific problems [5] - Coinbase's upcoming report is crucial given its recent run; strong results are needed to justify valuation [6] - Tech earnings, particularly Google's, are in focus; while Google had a good quarter and guidance, CapEx spending is now viewed with caution [7][8] - Meta's spending on talent and CapEx, coupled with Llama 3's performance, raises concerns about profitability [9][10] - Microsoft's Azure is gaining traction in AI sales due to its OpenAI relationship [11] Bond Market & Yields - The bond market is stubborn, with yields starting to tick up, indicating a potential shift in market sentiment [6] - There will be a level where the market starts to care about bond yields [7]