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

A Gen Zer quit a corporate job paying $94,000 to become a reseller and content creator: 'It's not somewhere I wanted to be for the next 40 years of my life'

Tech Insider : Economy, Economy
Amber Smith standing next to a wall that's mainly green
Amber Smith turned her side hustles into the way she earns money.

Courtesy of Amber Smith

Amazon just gave a bleak sign about the economy

Tech Insider : Economy, Economy
Amazon CEO Andy Jassy
Amazon CEO Andy Jassy

F. Carter Smith/Bloomberg via Getty Images; Chelsea Jia Feng/BI

Russia's war pushed Europe to a tipping point on wind and solar

Tech Insider : Economy
Aerial view of a solar farm in rural Spain surrounded by farm fields.
A solar farm in rural Spain.

Mikel Bilbao/Getty Images

Legalized sports betting is creating a disastrous doom loop

Tech Insider : Economy
Photo collage of a basketball.
The thing about sports betting is addicts think their problem is the solution.

Getty Images; Jenny Chang-Rodriguez/BI

McDonald's says fast food sales are suffering most in California

Tech Insider : Economy
An aerial view of fast food restaurants on Crenshaw Blvd including Taco Bell, McDonald's, Yoshinoya, Subway, El Pollo Loco, Little Caesers, Panda Express,Taco Bell, and Smart & Final grocery store. Photo taken in south Los Angeles Friday, March 29, 2024.
McDonald's raised menu prices in California to offset the state's $20 minimum wage for fast-food workers.

Allen J. Schaben/Los Angeles Times via Getty Images

Americans aren't spending like they used to, and it's forcing a reckoning for companies from Starbucks to Whirlpool

Tech Insider : Economy, Economy
Shoppers browse at Wayfair's first store in Chicago
Slowing consumer spending is showing up in earnings reports from McDonald's to Mondelez.

Dominick Reuter/Business Insider

Los Angeles gave families $1,000 a month in the biggest basic income pilot in the country. Now the results are in.

Tech Insider : Economy
A folder 100 dollar bill against a bright red background.
Direct cash payments improved recipients' home lives.

Daryl Solomon/ Getty Images

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

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