Why workers who lose their jobs to AI will be better off than the Midwest manufacturing employees of two decades ago

Tech Insider : Economy, Economy
unemployed workers, looking for jobs
The loss of manufacturing jobs in recent decades has brought about economic hardships for many Americans. AI job displacement won't play out quite the same way.

AP Photo/Rick Bowmer

A New York basic income participant used his monthly $1,000 to pay bills and launch a nonprofit

Tech Insider : Economy, Economy
A black and white photo of a man wearing a patterned bandana and
Kenneth McQueen, 35, used his guaranteed basic income to pay bills and launch a rollerskating nonprofit.

Photo Courtesy of Claudia Maturell

Hedge funds are dusting off an old strategy to help reverse a fundraising slump, but it comes with a risk

Tech Insider
Collage of a hand holding a phone with stocks on the screen, with Wall Street background and stock numbers pattern

Getty Images; Alyssa Powell/BI

The US is about to introduce a new rule to clamp down on AI chip equipment exports to China, Reuters reports

Tech Insider : Business, Politics, Technology
FILE PHOTO: A Chinese flag is seen in front of the financial district of Pudong in Shanghai, China, January 19, 2016. REUTERS/Aly Song/File Photo
The Biden Administration is cracking down on China's AI chip production.

Thomson Reuters

More than half of child-free Americans under 50 who don't think they'll ever have kids say they just don't want them

Tech Insider : Economy, Economy
Stock photo shows woman smiling with her baby.
Fifty-seven percent of Americans under the age of 50 without kids said the main reason they won't have any is because they just don't want to.

SDI Productions/Getty Images

Melinda French Gates weighs in on the generosity of billionaires like Elon Musk and Peter Thiel: 'I would not call those men philanthropists'

Tech Insider
Elon Musk (left) and Melinda French Gates (right).
Elon Musk and Melinda French Gates.

Marc Piasecki via Getty Images; Stefani Reynolds/AFP via Getty Images

9 countries where people can retire in comfort by 62

Tech Insider : Economy, Economy, Travel
A stock photo of two people sitting on a bench and looking out onto the water.
Retirement ages vary worldwide. In countries like Greece, Luxembourg, and South Korea, the normal retirement age is 62.

bluecinema/Getty Images

How a millennial couple went from $750,000 in debt to being on track to retire in their 40s

Tech Insider : Economy
Disha Spath and her husband
Disha Spath and her husband went from $750,000 in debt to a net worth of over $1 million.

Disha Spath

I got my master's degree and have 5 freelance gigs, but I still can't make ends meet. I rely on my parents for financial support.

Tech Insider
Averee Nelson smiling at camera in front of manhattan skyline
The writer relies on her parents for financial support.

Courtesy of Averee Nelson

The South's economic boom is masking a harsher reality. It still has several of the poorest states in the nation.

Tech Insider : Economy, Economy, Politics
people looking for work at job fair
Some Southern cities and states are thriving economically, but others are lagging behind.

AP Photo/Lynne Sladky

Subscribe to finance