Inequality

Auto Added by WPeMatico

3,000% bonuses but a growing wealth divide: South Korea grapples with its AI chip boom

ai, AI (Artificial Intelligence), Artificial Intelligence, Asia Pacific, Computing, Inequality, South Korea, Stock markets, Technology

Powered by chipmakers Samsung Electronics and SK Hynix, South Korea is seeing a surge in wealth, but there are questions over who gets to share in the profitsWhen South Korea’s most high-profile divorce case returned to court last month, the lawyers were arguing not just about the breakdown of a relationship, but also the exact […]

3,000% bonuses but a growing wealth divide: South Korea grapples with its AI chip boom Read More »

David Autor named head of the Department of Economics

ai, AI (Artificial Intelligence), Artificial Intelligence, automation, Economics, Faculty, Inequality, Labor and jobs, Leadership, School of Humanities Arts and Social Sciences, Technology and society

David Autor, the Daniel (1972) and Gail Rubinfeld Professor in the MIT Department of Economics, has been named head of the Department of Economics, effective July 1.“David is a world-class labor economist,” says Agustín Rayo, the Kenan Sahin Dean of the School of Humanities, Arts, and Social Sciences. “He is also an individual of wisdom

David Autor named head of the Department of Economics Read More »

As billionaires’ wealth soars, US workers struggle: ‘The rich keep getting richer for no good reason’

ai, AI (Artificial Intelligence), Artificial Intelligence, Business, California, Elon Musk, Inequality, Money, Technology, The super-rich, US income inequality, US news, West Coast

Ultrarich face backlash as billionaire tax in California makes it to the ballot and Americans organize for higher wagesThe day that Elon Musk became the world’s first trillionaire, Gilberto Rubio, a security officer in the San Francisco area, said he was thinking about how to cut back on meals to save money.Jessica Ordeñana, a bartender

As billionaires’ wealth soars, US workers struggle: ‘The rich keep getting richer for no good reason’ Read More »

Study: Firms often use automation to control certain workers’ wages

ai, AI (Artificial Intelligence), Artificial Intelligence, automation, Behavioral Economics, Business and management, Inequality, Labor and jobs, Research, School of Humanities Arts and Social Sciences, Social sciences, Technology and society

When we hear about automation and artificial intelligence replacing jobs, it may seem like a tsunami of technology is going to wipe out workers broadly, in the name of greater efficiency. But a study co-authored by an MIT economist shows markedly different dynamics in the U.S. since 1980. Rather than implement automation in pursuit of maximal

Study: Firms often use automation to control certain workers’ wages Read More »

Trump’s failed energy bill pledge leaves US households struggling: ‘It’s obscene’

ai, AI (Artificial Intelligence), Artificial Intelligence, Donald Trump, Energy, Inequality, Inflation, Money, US news, US politics

A year after then candidate Trump promised to cut energy bills in half, rising costs are pushing many Americans’ household budgets to the brinkBefore she sat down to speak with the Guardian, Zattura Sims-El leaned over to plug a table lamp into the wall.“I keep everything in this house unplugged when I’m not using it,

Trump’s failed energy bill pledge leaves US households struggling: ‘It’s obscene’ Read More »

Stone Center on Inequality and Shaping the Future of Work Launches at MIT

ai, AI (Artificial Intelligence), Artificial Intelligence, Democracy, Economics, government, Inequality, Labor and jobs, MIT Sloan School of Management, School of Humanities Arts and Social Sciences, Social media, Special events and guest speakers, Technology and society

The James M. and Cathleen D. Stone Center on Inequality and Shaping the Future of Work officially launched on Nov. 3, 2025, bringing together scholars, policymakers, and practitioners to explore critical questions about economic opportunity, technology, and democracy.Co-directed by MIT professors Daron Acemoglu, David Autor, and Simon Johnson, the new Stone Center analyzes the forces that contribute to growing income

Stone Center on Inequality and Shaping the Future of Work Launches at MIT Read More »