8AM Global Limited’s Post

#AI assisting humans especially #Fintech and #Business 1. Inflation becomes stable for now considering the U.S. economy. 2. Increased productivity and wages, but only if managed effectively. 3. The #US workforce is getting prepared for automation or the impacts of an ageing population. 4. #Strategic investments in training and #Technology are critical to avoid #Economic decline. https://lnkd.in/g_ag-ezA

Furthermore evidence of the American system working primarily for the capitalists: a. The US government (directly and through its lapdog the IMF) pushes free trade policies and globalization for 45 years that result in increased profits for the American capitalists but leaves behind a hollowed middle class due to loss of American jobs. The govt chooses to not interfere even though manufacturing is 30% of total employment as it helps the capitalists profits b. The successive tax cuts over the years leaves the govt with no room for social spending to rehabilitate workers. Trickle down economics is proved a sham as real wages for the bottom 80% stay stagnant, giving rise to right-wing populism as the middle class blame the immigrants for their declining living standards but still the government chooses to not intervene as capitalist profits keep growing c. Chinese innovation catches up and American companies today can no longer compete in key industries - Electric vehicles, Solar panels, semiconductors. The US govt now imposes cowardly tariffs that increases EV and solar panel prices for its own consumers but protects Tesla’s and First Solar’s profits, all the while claiming to protect manufacturing jobs which are <10% of US employment. d. Free Trade creates financialisation jobs for the top 1% and their greed threatens their own sustainability. The US govt through the Federal reserve repeatedly pushes the Fed Puts after 2007 to shore them up and now in 2024 disgustingly influences its puppet State - Japan and the BoJ to not raise rates lest it create market volatility even though the BoJ thinks that that's the right move for the Japanese economy. The greatest trick the Neoliberal devil pulled was to convince the middle class that the rent-extracting capitalist with their lobbying for protection of their profits is not the enemy but the marginalized poor and immigrants asking for basic living access are the enemy. With the post-covid boom of remote jobs and now AI, what happened in manufacturing is now coming for the top 20% American jobs too as tech companies cut jobs or move them elsewhere. First they came for the Socialists, then the Trade unionists and now they are coming for you - with no one left to speak for you.

Navigating choppy economic waters requires sound strategies, and sometimes, a lower interest rate can be just the lifeline businesses need. 🌊💼 We're seeing a fascinating trend as European interest rates dip—there's a silver lining for our economy. Lower rates often mean cheaper borrowing costs for companies, stimulating investments and expansion. Think of it as the economic equivalent of a growth serum; businesses can innovate, hire, and scale up operations, potentially leading to more jobs and wealth creation. 📈👥 From my vantage point in the semiconductor and IT recruitment sector, this shift can be particularly impactful. Cheaper loans could propel our tech-driven markets, as start-ups to established firms find themselves in a position to tackle ambitious projects and drive tech adoption. 💻🚀 But it's not just businesses that stand to benefit. For the everyday consumer, reduced interest rates can mean lower mortgage payments, freeing up income for consumption or saving. This increased spending power can be a boon for various industries, from retail to entertainment, further fueling economic momentum. 🛍️🎭 Yet, it's crucial to navigate this environment thoughtfully—any monetary policy change can have far-reaching implications. As someone with over two and a half decades in the recruitment world, I've witnessed how economic shifts can alter the job landscape. Keeping a pulse on these changes helps us anticipate and adapt to new opportunities or potential headwinds. 🧭🏢 In these times, let's engage in robust discussions on how to maximize the upsides of these economic levers for long-term prosperity. I'd love to hear your insights, particularly how this could impact the tech and recruitment sectors across Europe. Drop a comment below! 👇 #Economy #InterestRates #EuropeanMarkets

Navigating choppy economic waters requires sound strategies, and sometimes, a lower interest rate can be just the lifeline businesses need. 🌊💼 We're seeing a fascinating trend as European interest rates dip—there's a silver lining for our economy. Lower rates often mean cheaper borrowing costs for companies, stimulating investments and expansion. Think of it as the economic equivalent of a growth serum; businesses can innovate, hire, and scale up operations, potentially leading to more jobs and wealth creation. 📈👥 From my vantage point in the semiconductor and IT recruitment sector, this shift can be particularly impactful. Cheaper loans could propel our tech-driven markets, as start-ups to established firms find themselves in a position to tackle ambitious projects and drive tech adoption. 💻🚀 But it's not just businesses that stand to benefit. For the everyday consumer, reduced interest rates can mean lower mortgage payments, freeing up income for consumption or saving. This increased spending power can be a boon for various industries, from retail to entertainment, further fueling economic momentum. 🛍️🎭 Yet, it's crucial to navigate this environment thoughtfully—any monetary policy change can have far-reaching implications. As someone with over two and a half decades in the recruitment world, I've witnessed how economic shifts can alter the job landscape. Keeping a pulse on these changes helps us anticipate and adapt to new opportunities or potential headwinds. 🧭🏢 In these times, let's engage in robust discussions on how to maximize the upsides of these economic levers for long-term prosperity. I'd love to hear your insights, particularly how this could impact the tech and recruitment sectors across Europe. Drop a comment below! 👇 #Economy #InterestRates #EuropeanMarkets

Europe’s Economic Productivity is Falling Behind The US, Jeopardizing Its Stake In The Future of AI They work less and are happier than Americans — but not without trade-offs. Europeans earn only 44% of what Americans make — and their productivity, measuring hours worked against output, lagged by 24.6% compared to Americans in 2023. Losing ground: Despite a population of over 345M, the Eurozone’s economy now accounts for only 65% of the US economy’s size when measured in dollars, down from 90% in 2013. While some European nations are more efficient, American productivity has vastly outstripped most of Europe since the turn of the century — rousing concern from business leaders, politicians, and central bankers in the world’s largest economic bloc. • Since 2000, American productivity has risen by over 60%, while the Eurozone’s increased by only 20% and declined since 2020. • Swedish central bank Governor Erik Thedéen warned that Europe must move swiftly to close the productivity gap to avoid missing out on growth opportunities. MIND THE GAP America achieved a new productivity record in the first quarter due to a surge in new businesses, higher wages, and embracing new technology like AI. However, replicating these successes should be easy for Europe’s wealthy and well-educated population, but European Central Bank President Christine Lagarde notes that innovators and entrepreneurs tend to “run away from Europe.” • European think tank IREF says that regulation, bureaucracy, and taxes are among the biggest factors dampening Europe’s entrepreneurial potential. • Making matters worse, Europe’s aging population redirects workers from high-growth industries like e-commerce or software toward in-demand healthcare jobs. Tale of two economic goliaths: While the US invests trillions in infrastructure and private subsidies to prop up domestic production in green energy, semiconductors, and industrial goods, Europe lags behind. According to GlassView’s Co-Founder Yann Coantanlem, European tech R&D spending is only one-fifth of the US expenditure — and AI investments are 50x higher in the US. Without swift action, Europe risks falling further behind.

Alright, we know things have been a bit crazy lately with inflation continuing at high levels and consumer spending declining in the US and Canada, making the economy a bit unpredictable. But opportunities arise from tough times. #Axiacore #innovation #digitalmarketing #technology #marketing #socialmedia #digitalconsultancy #businessstrategy #AI #digitalproduct #profitability

It was fantastic to be at the Chamber of Commerce and Industry WA and ANZ Economic Breakfast with great presentations from Paralympian, Brant Garvey and ANZ Head of Australian Economics, Adam Boyton. Some of the key takeaways for the economic outlook include: 1. The economy is on track for a 'soft landing' characterised by employment growth, declining interest rates and inflation. 2. Key drivers of growth include investment in the energy transition, and public sector expenditure in healthcare and social services. 3. Since 2015, public demand has grown at twice the rate of GDP, and three times the rate of private demand. 4. AI can unlock productivity growth and demand for new products and services.

Against the backdrop of a cooling economy, elevated costs of doing business and tight monetary policy, Canadian businesses are bracing for an expected short-term economic slowdown in 2024. Learn more: https://ow.ly/f2YE30sAcbl #EYCanada #BetterWorkingWorld

Avoiding the taboo word ‘recession’? In my 35+ years in Canada, we have been through a number of recessions. Companies cutting back, tightening the purse strings, layoffs, unemployment rising, retail sales are down, interest rates dropping, home sales down, GDP declining. These seem to be the case now, yet we are not officially in a recession. Immigration is on the rise, as is panhandling, squatting, and people unable to afford rents/mortgage. Thoughts? Thanks George Minakakis for the insight. #inovativtinktank #2024

Many jobs in healthcare, tech, law, services, sales, customer support, finance and accounting (the service economy that drove America to GDP per capita greatness) are going to be obliterated by generative ai. The optimist in me says: maybe the Fed sees it and they’re managing to it. It also says that we will be more productive like we were in the Industrial Revolution when we thought jobs were going to be destroyed but they were shifted and we became more productive and the overall quality of life went along with it. The pesemisit says deflation and a recession. I generally lean towards optimism. But still.