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The Latest Breaking News from Daron Acemoglu

The record gap between corporate profits and worker pay has an ‘undercurrent of betrayal,’ top economist warns

“Something in our economic narrative is broken.”

Fortune

The Nobel laureate who cowrote ‘Why Nations Fail’ warns U.S. democracy won’t survive the AI job-pocalypse. AI advocates suggest the opposite

Daron Acemoglu told Fortune Donald Trump’s AI policy could jeopardize U.S. democracy. But AI proponents say any regulation would hamper AI innovation.

Fortune

Experienced software developers assumed AI would save them a chunk of time. But in one experiment, their tasks took 20% longer

As more workers use AI, a recent study adds to growing evidence the tech doesn’t always deliver on promises of boosted productivity.

Fortune

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Most people aren’t fretting about an AI bubble. What they fear is mass layoffs

Artificial intelligence could make income inequality even worse and create a new underclass. Governments and society must take action

The Guardian - US

'Call of Duty: Black Ops 7' Slammed by US Congressman – Demands AI Job Loss Tax

US Congressman has criticised 'Call of Duty: Black Ops 7' for allegedly using AI-generated art, calling for regulation and a tax on AI-driven job loss. Here's how the COD controversy is reshaping debates around AI, gaming, jobs, and US politics.

International Business Times UK

Is AI really coming for our jobs and wages? Past predictions of a ‘robot apocalypse’ offer some clues

The robots were taking our jobs – or so we were told over a decade ago. The same warnings are regularly heard today about the likely impact of artificial intelligence (AI).

The Conversation

Amazon Memos Point To Robot Takeover — 600,000 Jobs Could Vanish (UPDATED)

Editor's note: Updated with Amazon's response and hiring context.

Benzinga

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The Guardian view on Britain’s AI strategy: the risk is that it is dependency dressed up in digital hype

Editorial: The UK’s plans seem to outsource sovereignty for phantom efficiency. Public services provide the data and power while US tech giants reap the rewards

The Guardian - UK

Experienced software developers assumed AI would save them a chunk of time. But in one experiment, their tasks took 20% longer

As more workers use AI, a new study adds to growing evidence the tech doesn’t always deliver on promises of boosted productivity.

Fortune

"Summoning the demon": MAGA splits on AI

Some on the right see artificial intelligence as an apocalyptic threat from Big Tech

Salon

Commerce Secretary Howard Lutnick says Trump’s tariffs will create ‘great jobs of the future’—fixing factory robots. Experts disagree

The plan to resurrect the industrial boom of the early 20th century has long odds of succeeding, Rutgers professor Eric Blanc said.

Fortune

A recession could create an ‘abrupt shift’ in AI adoption: ‘‘That’s when you really see the effects of automation’

During recessions companies lay people off, automate their jobs, and never hire them back.

Fortune

Don't Let Tech Gurus Decide The Future: Nobel Winner Simon Johnson

Should our future by decided by the bosses of big tech firms? Is more regulation of Big Tech needed?

International Business Times

No Prosperity Without Economic and Political Liberty

Three American economists win Nobel Economics Prize for showing how free markets and democratic governance engender prosperity.

Reason

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The Conversation

This year’s Nobel prize in economics awarded to team that examined what makes some countries rich and others poor

The 2024 Nobel Prize in Economics has been awarded to three US-based economists who examined the advantages of democracy and the rule of law, and why they are strong in some countries and not others.

The Conversation

Nobel economics prize: how colonial history explains why strong institutions are vital to a country’s prosperity – expert Q&A

This year’s Nobel memorial prize in economics has gone to Daron Acemoglu and Simon Johnson of the Massachusetts Institute of Technology and James Robinson of the University of Chicago for their work on why there are such vast differences in prosperity between nations.

Dynamite News

Nobel Economics Prize awarded for research into differences in prosperity between nations

This year's laureates have demonstrated the importance of societal institutions for a country's prosperity. Read further on Dynamite News:

The Independent UK

Nobel Prize in Economics awarded to trio for explaining global inequality

The prestigious award is the final prize to be given out this year and is worth $1.1 million

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Evening Standard

Two Britons among three winners of 2024 Nobel Prize in Economics

Two of the academics also studied at the London School of Economics

France 24

'Nobel economics prize' awarded to trio for work on links between institutions and prosperity

Daron Acemoglu, Simon Johnson and James A. Robinson won the 2024 Nobel memorial prize in economics "for studies of how institutions are formed and affect prosperity", the Royal Swedish Academy of Sciences said on Monday.

Al Jazeera

US-based Acemoglu, Johnson and Robinson win 2024 Nobel economics prize

The award for work into why countries succeed and fail is the final prize to be given out this year and is worth $1.1m.

International Business Times

Role Of Government, Poverty Research Tipped For Economics Nobel

Closing the season, the Norwegian Nobel Committee will announce the Nobel economics prize on Monday, with specialists on credit, the role of government, and wealth inequality seen as possible contenders.

Tom’s Hardware

Goldman Sachs says AI is too expensive and unreliable — firm asks if 'overhyped' AI processing will ever pay off massive investments

Goldman Sachs interviewed several experts to offer contrarian views on the future of AI, plus they looked at the challenges the technology faces if it wants to grow indefinitely in the future.

The Guardian - US

Angus Deaton on inequality: ‘The war on poverty has become a war on the poor’

The Nobel prize winner and author of new book Economics in America argues economists must get back to serving society

Reason

Power and Progress Is a Wrongheaded Critique of Tech Progress

An undercurrent of the book is that common people want whatever progressive intellectuals want them to want.

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