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Donald Trump’s budget ignores what is ailing American workers

PRESIDENTIAL budget requests are worth exactly nothing. They carry no force of legislation. They land, heavy, bound and shrink-wrapped, so they can be immediately binned as Congress continues its now yearly stumble toward a “continuing resolution”—a supposedly temporary legislative act that in recent decades has almost entirely replaced the statutory budget process. The request from […]

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Fact-checking Donald Trump’s first presidential address to Congress

Highlights from Donald Trump’s first speech to Congress. Jobs, taxes and business “Since my election, Ford, Fiat Chrysler, General Motors, Sprint, Softbank, Lockheed, Wal Mart, and many others have announced they will invest billions and billions of dollars in the United States and will create tens of thousands of new American jobs.” Some of these […]

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Is Finland’s basic universal income a solution to automation, fewer jobs and lower wages?

When he got the letter after Christmas saying he was entitled to an unconditional income of €560 (£478) a month, Mika Ruusunen couldn’t believe his luck. “At first I thought it was a joke. I had to read it many times. I looked for any evidence it might be false.” But the father of two […]

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Technology could kill 5 million jobs by 2020

Developments in artificial intelligence, robotics, and biotechnology, would disrupt the business world in a similar way to previous industrial revolutions, the World Economic Forum said in a report published Monday. Administrative and white collar office jobs are most at risk from a “fourth industrial revolution,” the forum said on the eve of its annual meeting […]