Joe Carson | Economist | The Carson Report Blog

Will AI Eliminate Service Jobs Similar to How Globalization Affected Mfg. Jobs?

Digital workers might soon replace a significant portion of the labor force, but there are other factors to consider before assuming the economy will thrive as a result. Consider how globalization hollowed manufacturing workforce and the consequences for numerous communities. The potential job losses in the service sector from digital workers could be multiples of globalization. Digital workers do not contribute to taxes, buy food, purchase vehicles, travel, or engage in othe

Joe Carson

Nov 7

When the AI Bubble Bursts, Fed Easing Will Be Cited

Fed policymakers may lack concrete economic data, given the government shutdown, but they have a wealth of financial data to consider. Easing monetary policy in an environment of record equity prices and easy credit conditions contradicts one of the Fed's mandates, which is maintaining financial stability. During the peak of the tech bubble, core consumer price inflation was at 2.4%, yet the Fed tightened policy. Today, the Fed operates with a 2% price target, and with core i

Joe Carson

Oct 29

Is the 1987 Stock Market Scenario Happening Again?

In finance, historical patterns frequently repeat, and there are notable parallels between the equity market performance through early...

Joe Carson

Oct 12

Higher Inflation Expectations Have Begun to Influence Buying Decisions

Consumer price expectations have become unanchored, trending upward, and people's inflation expectations are influencing their purchasing...

Joe Carson

Sep 21

Uh-OH! Equity Investors Are Too Bullish

Uh-Oh!!! Equity investors might be missing a crucial issue. While equity prices are rising due to anticipated future profits, companies'...

Joe Carson

Sep 18

Uh-Oh--- Corporate Tax Payments Send Warning About Q3 Operating Profits

Uh-Oh! Corporate tax payments to the US Treasury are significantly lower compared to the same period last year. US companies make...

Joe Carson

Sep 17

Will AI Eliminate Service Jobs Similar to How Globalization Affected Mfg. Jobs?

When the AI Bubble Bursts, Fed Easing Will Be Cited

Is the 1987 Stock Market Scenario Happening Again?

Higher Inflation Expectations Have Begun to Influence Buying Decisions

Uh-OH! Equity Investors Are Too Bullish

Uh-Oh--- Corporate Tax Payments Send Warning About Q3 Operating Profits

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