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The Guardian Politics/2h ago

Rightwing economic myths could derail Burnham’s project – to destroy them, look to Keynes | Larry Elliott

Rightwing economic myths could derail Burnham’s project – to destroy them, look to Keynes | Larry Elliott. Borrowing can be good, there is no such thing as the ‘nation’s credit card’, and, yes, you can buck the markets – as previous governments have shown Andy Burnham does a nice line in nostalgia. His first party conference speech as prime minister was full of fond memories for the Britain of the 1950s and 1960s, when working-class families could sense their lives steadily getting better. The underlying message of his address was that, given time, he could rekindle that optimism and return.

Fast Company/9h ago

AI companies are banking on this job title

AI companies are banking on this job title. A once-obscure job title is taking hold across hiring boards and LinkedIn profiles: “member of technical staff.” At companies like OpenAI, the title could be applied to a senior engineer with a decade-plus of experience under her belt. Or it could refer to a cofounder or tech leader who was previously in a C-suite role. But it just as easily might describe a junior employee who is early in his career. Now “member of technical staff”—also known as MTS in some circles—seems to be growing in popularity, and not just.

Fast Company/9h ago

AI could displace 11 million US workers by 2035, report says

AI could displace 11 million US workers by 2035, report says. Artificial intelligence and automation could force roughly 11 million workers—about 7% of all employees in the United States—to find new professions by 2035. So says a report released Tuesday by management consulting giant McKinsey, which predicts automation could reduce labor demand in the U.S. by 21%—roughly 36 million jobs—over the next decade. While economic growth would allow about 25 million workers to remain in their current fields, the remaining 11 million may need to find a new occupation altogether. This means about 770,000 workers would need to switch occupational.