Alex Albright
@allbriteallday.bsky.social
Economist @ Minneapolis Fed's Opportunity & Inclusive Growth Institute. There's a graph for that. Views are my own. (she/her) https://albrightalex.com/
Reposted by Alex Albright
TLDR: AI caused a lot more job posts, but no more jobs!
While the intervention did save employers time, the welfare loss to jobseekers from time wasted on applications is 6x the size of the welfare gain to employers. Suggests widespread use of LLMs can harm market efficiency.
While the intervention did save employers time, the welfare loss to jobseekers from time wasted on applications is 6x the size of the welfare gain to employers. Suggests widespread use of LLMs can harm market efficiency.
March 24, 2025 at 5:00 PM
TLDR: AI caused a lot more job posts, but no more jobs!
While the intervention did save employers time, the welfare loss to jobseekers from time wasted on applications is 6x the size of the welfare gain to employers. Suggests widespread use of LLMs can harm market efficiency.
While the intervention did save employers time, the welfare loss to jobseekers from time wasted on applications is 6x the size of the welfare gain to employers. Suggests widespread use of LLMs can harm market efficiency.
Tagging one of the three authors here: @joakimweill.bsky.social
April 14, 2025 at 9:21 PM
Tagging one of the three authors here: @joakimweill.bsky.social
Also, the authors "find that local tax assessors: 1) have tax assessments on their own properties significantly lower than neighboring properties; and 2) these tax assessments grow significantly slower than neighbors – lowering their tax bills." 👀
Image via: www.library.hbs.edu/working-know...
Image via: www.library.hbs.edu/working-know...
April 9, 2025 at 7:46 PM
Also, the authors "find that local tax assessors: 1) have tax assessments on their own properties significantly lower than neighboring properties; and 2) these tax assessments grow significantly slower than neighbors – lowering their tax bills." 👀
Image via: www.library.hbs.edu/working-know...
Image via: www.library.hbs.edu/working-know...
If you:
- received your PhD in 2017-2024 &
- have early-stage research you're looking to present
=> submit to the ✨Early Career Workshop✨!
- received your PhD in 2017-2024 &
- have early-stage research you're looking to present
=> submit to the ✨Early Career Workshop✨!
February 20, 2025 at 9:28 PM
If you:
- received your PhD in 2017-2024 &
- have early-stage research you're looking to present
=> submit to the ✨Early Career Workshop✨!
- received your PhD in 2017-2024 &
- have early-stage research you're looking to present
=> submit to the ✨Early Career Workshop✨!
Reposted by Alex Albright
2/ If you combine most Americans not reading much and a few reading a lot, you've got some Power Law nonsense developing! The 4% of adults who read 50 or more books did at least 28% of ~all the country's reading~ — more than the bottom 80% combined.
The top 20% read 75% of all books.
The top 20% read 75% of all books.
January 21, 2025 at 4:18 PM
2/ If you combine most Americans not reading much and a few reading a lot, you've got some Power Law nonsense developing! The 4% of adults who read 50 or more books did at least 28% of ~all the country's reading~ — more than the bottom 80% combined.
The top 20% read 75% of all books.
The top 20% read 75% of all books.