Betsey Stevenson
@betseystevenson.bsky.social
Former Member of President Obama’s Council of Economic Advisers & Chief Economist at Labor. Current academic economist at Michigan. Always an economist at home.
And I am puzzled why, at the dawn of artificial general intelligence, we are knee-capping ourselves, giving our international competitors a fighting chance at beating us in the AI game.
July 9, 2025 at 7:39 PM
And I am puzzled why, at the dawn of artificial general intelligence, we are knee-capping ourselves, giving our international competitors a fighting chance at beating us in the AI game.
What I worry about is whether these tariffs cost us American service jobs--all of the workers involved in business and professional services that support companies that import goods. Fewer goods sold mean fewer business services needed.
July 9, 2025 at 7:38 PM
What I worry about is whether these tariffs cost us American service jobs--all of the workers involved in business and professional services that support companies that import goods. Fewer goods sold mean fewer business services needed.
American is a service-based economy: Let's take a look at job growth in private sector goods and services over the past 75 years. Spoiler: it's almost all in services. We are not going to even make a dent in this trend. In fact, we may push it further.
July 9, 2025 at 7:38 PM
American is a service-based economy: Let's take a look at job growth in private sector goods and services over the past 75 years. Spoiler: it's almost all in services. We are not going to even make a dent in this trend. In fact, we may push it further.