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Opposite What Economists Believe, Rising Wages Signal Easing Inflation

February 5, 2023 by www.forbes.com

Share to Twitter Share to Linkedin In the closing months of 2020 as the horrid lockdowns related to the coronavirus began to ease, the American people started to live again. With restaurants in some cities re-opened for – gasp – actual dining, husbands and wives even started going out to dinner again. Amid this substantial exhale, the cost of babyitting services soared. Not only could babysitters charge more per hour, they could demand more perks while on the job. Was this indicative of “inflation”? Not remotely. If parents are paying more for babysitters, then logic dictates they have fewer dollars for nights out at dinner. Economics is about trade-offs, though you wouldn’t know it from reading the newspapers. A recent Wall Street Journal headline went like this: “Pay Gains Shrink In New Sign Of Easing Inflation.” The assumption made in the headline and in the front-page article’s body was that more money in people’s pockets as it were had been … [Read more...] about Opposite What Economists Believe, Rising Wages Signal Easing Inflation

Filed Under: Policy John Tamny, inflation, Nick Timiraos, dollar, Policy, raise minimum wage inflation, minimum wage rise

How Hard Should We Push Generative AI ChatGPT Into Spewing Hate Speech, Asks AI Ethics And AI Law

February 5, 2023 by www.forbes.com

Share to Twitter Share to Linkedin Everyone has their breaking point. I suppose you could also say that everything has its breaking point. We know that humans for example can sometimes snap and utter remarks that they don’t necessarily mean to say. Likewise, you can at times get a device or machine to essentially snap, such as pushing your car too hard and it starts to falter or fly apart. Thus, the notion is that people or “everyone” likely has a breaking point, and similarly we can assert that objects and things, in general, also tend to have a breaking point. There could be quite sensible and vital reasons to ascertain where the breaking point exists. For example, you’ve undoubtedly seen those videos showcasing a car being put through its paces to identify what breaking points it has. Scientists and testers will ram a car into a brick wall to see how well the bumper and the structure of the vehicle can withstand the adverse action. Other tests … [Read more...] about How Hard Should We Push Generative AI ChatGPT Into Spewing Hate Speech, Asks AI Ethics And AI Law

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Third-Party Cookies Are Over. These New Strategies Help Brands Win Over Customers

January 10, 2023 by www.inc.com

It's harder than ever to find customers you've yet to meet. At least, in the digital age: After Apple's more stringent privacy restrictions rolled out in its iOS 14.5 update in the summer of 2021, many brands scrambled to update and improve their marketing strategies. Because Apple's update blocked the use of third-party cookies--the software that has long been used by advertisers to track and target new customers based on their data--businesses found that paid social advertising campaigns, especially those on Facebook and Instagram, dramatically increased in cost and decreased in results . Increased privacy restrictions haven't quite eliminated paid social as a customer acquisition strategy, but they have made it more difficult to use that strategy successfully. "Ad creative has started to matter a lot more, given that you're no longer able to leverage [Facebook's] powerful platform data to target that niche audience that was really likely to purchase your product," … [Read more...] about Third-Party Cookies Are Over. These New Strategies Help Brands Win Over Customers

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