AI tools are already spurring fierce job competition among Bambi-legged Gen Zers hoping to land their first entry-level job out of college. And the situation could get even worse, one tech boss is warning. “I think young people coming out of university today [are experiencing] 9% unemployment,” Bill McDermott, the CEO of AI-driven software company…
President Donald Trump promised that 2026 would be a bumper year for economic growth, but instead it has kicked off with job losses, rising gasoline prices and more uncertainty about America’s future. In his State of the Union address less than two weeks ago, the Republican president confidently told the country: “The roaring economy is roaring like never before.” The latest…
Office workers who daydream of being their own boss may fantasize about calling the shots, earning sky-high salaries, and setting their own schedules—but stepping into a founder’s shoes would break them from the spell. Logan Brown, founder of AI-powered law firm Soxton, says she’s putting in even more hours now than she did in her…
As Professor Joseph Stiglitz sees it, AI is not just another technology wave—it’s a force that can erode jobs and hard‑wire a new era of inequality. That is, unless governments and institutions deliberately push it in a different direction. AI lets firms strip labor out of production, concentrate profits at the top, and push the…
The world’s most powerful business leaders enjoyed eye-watering pay bumps in 2025. And Blackstone CEO and cofounder Stephen Schwarzman had a particularly great year, reaping $1.24 billion in compensation last year, thanks to the asset management titan’s record profits. It’s a 20% bump from the year before, the majority of which came from dividends, and…