From an economic development perspective, the highly skewed nature of AI activity in the US is likely to create large pools of high-skilled workers in some regions while leaving other regions behind.
The US economy relies on immigrants to fill jobs, but many of them are struggling with high rent burdens that make it harder to build productive lives and integrate into their communities.
Students should know that a key part of the value of their undergraduate degree lies in taking advantage of all the opportunities for learning that universities offer.
The historical correlation between economic prosperity and increased life expectancy might suggest that growth is generally a good thing. However, other evidence points to the downside of growth.
Economists do not have the analytical tools to properly measure the full value of a megaproject. Deciding on whether to pull the plug or not is always a political matter.
Principal Research Fellow, Melbourne Institute of Applied Economic and Social Research, and Professor of Economics, Department of Economics, The University of Melbourne