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At this point do we really need job creation for real people when AI can perform the jobs ?

The positive is AI don't need no stinkin' vacation or sick leave days, family leave, retirement plan, OSHA protection, Social Security, or health insurance...

WINNING !
 
heelinhell said:
At this point do we really need job creation for real people when AI can perform the jobs ?

The positive is AI don't need no stinkin' vacation or sick leave days, family leave, retirement plan, OSHA protection, Social Security, or health insurance...

WINNING !
Click to expand...
Depends on the owners of the AI. I asked a bot to be snarky and use pirate language and it got way more annoying than someone feeling like they're entitled to affordable healthcare, food and shelter.
 


Of course, to a point a weaker U.S. dollar is not inherently bad (cost/benefit). And a weaker dollar is a stated policy goal of many folks on the Trump economic team, so they may see this as evidence that their plans are working.

But the typical corresponding benefits of a weak dollar are not in evidence — for instance, it should lead to a tourism boom from foreigners wanting to take advantage of the weak dollar to visit the USA, but other related policies are depressing foreign tourist visits to the USA.

It does appear to be helping the foreign earnings of multinational corporations — though that is something of a paper benefit unless the earnings are actually repatriated and converted to U.S. dollars (which potentially creates unwanted tax liabilities).

And we have seen growth in U.S. exports in 2025.

But a weaker dollar also creates domestic inflationary pressure due to increased costs of imports, particularly in the construction and electronics industries (that’s before adding on tariffs). A weaker dollar makes it a lot harder to get back to the pre-COVID fed target of 2% inflation — and other policies that undercut typical benefits of a weaker dollar (like immigration policies depressing foreign tourism) create a lot of negative pressure on domestic small businesses that don’t rely on exports and on domestic consumers.
 
nycfan said:


Of course, to a point a weaker U.S. dollar is not inherently bad (cost/benefit). And a weaker dollar is a stated policy goal of many folks on the Trump economic team, so they may see this as evidence that their plans are working.

But the typical corresponding benefits of a weak dollar are not in evidence — for instance, it should lead to a tourism boom from foreigners wanting to take advantage of the weak dollar to visit the USA, but other related policies are depressing foreign tourist visits to the USA.

It does appear to be helping the foreign earnings of multinational corporations — though that is something of a paper benefit unless the earnings are actually repatriated and converted to U.S. dollars (which potentially creates unwanted tax liabilities).

And we have seen growth in U.S. exports in 2025.

But a weaker dollar also creates domestic inflationary pressure due to increased costs of imports, particularly in the construction and electronics industries (that’s before adding on tariffs). A weaker dollar makes it a lot harder to get back to the pre-COVID fed target of 2% inflation — and other policies that undercut typical benefits of a weaker dollar (like immigration policies depressing foreign tourism) create a lot of negative pressure on domestic small businesses that don’t rely on exports and on domestic consumers.
Click to expand...

In any event, I saw the impact of a weaker dollar and tariffs when ordering a gift for my mom from France yesterday — I had not noticed the FX rate had moved the dollar that low against the Euro.
 
nycfan said:
In any event, I saw the impact of a weaker dollar and tariffs when ordering a gift for my mom from France yesterday — I had not noticed the FX rate had moved the dollar that low against the Euro.
Click to expand...
Yeah, the Euro conversion is ugly.
 
nycfan said:


Of course, to a point a weaker U.S. dollar is not inherently bad (cost/benefit). And a weaker dollar is a stated policy goal of many folks on the Trump economic team, so they may see this as evidence that their plans are working.

But the typical corresponding benefits of a weak dollar are not in evidence — for instance, it should lead to a tourism boom from foreigners wanting to take advantage of the weak dollar to visit the USA, but other related policies are depressing foreign tourist visits to the USA.

It does appear to be helping the foreign earnings of multinational corporations — though that is something of a paper benefit unless the earnings are actually repatriated and converted to U.S. dollars (which potentially creates unwanted tax liabilities).

And we have seen growth in U.S. exports in 2025.

But a weaker dollar also creates domestic inflationary pressure due to increased costs of imports, particularly in the construction and electronics industries (that’s before adding on tariffs). A weaker dollar makes it a lot harder to get back to the pre-COVID fed target of 2% inflation — and other policies that undercut typical benefits of a weaker dollar (like immigration policies depressing foreign tourism) create a lot of negative pressure on domestic small businesses that don’t rely on exports and on domestic consumers.
Click to expand...

The problem is that in the past Trump relied on his national security adviser to inform him about the nuances regarding the dollar. Unfortunately he is not in the administration to offer Trump his advice this time around.

www.theatlantic.com

The Trouble With Trump's 3 a.m. Phone Call

The president pondered a reasonable economics question—but who he reportedly dialed for answers raises questions of its own.
www.theatlantic.com www.theatlantic.com

www.huffpost.com

Trump Called General at 3AM to Ask Whether Strong Dollar is Good

Trump Called General at 3AM to Ask Whether Strong Dollar is Good
www.huffpost.com www.huffpost.com
 
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Proliferate Charlie Chaplin GIF by nounish ⌐◨-◨
American factory workers making A.I. in Trump’s vision of the future, apparently.
 
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