Finance jobs face acute AI threat
Higher-educated, better-paid workers most exposed, but low-wage workers face greater replacement risk
- By: James Langton
- September 3, 2024 September 3, 2024
- 15:33
Higher-educated, better-paid workers most exposed, but low-wage workers face greater replacement risk
Real GDP continued to shrink on a per-person basis, marking the fifth consecutive decline
Despite the near-end of high inflation, many Americans remain unhappy with the cost of living
The door's now open for the European Central Bank to cut interest rates
The government has no plan to immediately introduce the promised personal tax cut
Self-directed investors prioritize convenience, control, costs
Vacancies and wages were flat, signalling a softening
Measures of consumers' spirits have shown a recent uptick
Funds shifting asset allocations away from offices, toward private credit
While still positive, consumers’ assessments of the current labour situation continued to weaken: economist
The tariffs are meant to keep Chinese EVs from getting a significant foothold in North America
The Fed is widely expected to announce a modest quarter-point cut in September
Consumers continued to struggle under the weight of elevated interest rates
The pickup occurred amid easing mortgage rates and as more homes came on the market
The downgraded estimate follows a jobs report for July that was much worse than expected
AI, changing views on ESG, market volatility among issues raised
The latest reading comes ahead of the Bank of Canada's next interest rate announcement on Sept. 4
Young people were the hardest hit, data shows
Two sectors made 53% of all corporate capital gains in Canada between 2018 and 2022, data shows
Canadian investors jumped into U.S. stocks, while foreign investors dumped domestic equities
The supply of affordable housing has been a key political issue
High valuations, uncertainties loom in second half