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🇺🇸The Trump Administration should be focused on helping Americans whose jobs are going to be taken by AI in the next 10 years instead of focusing on how to give billionaires tax cuts. 🇺🇸 Tech CEOs have started warning the US about the impact generative AI will have on white-collar jobs. 🇺🇸 While many jobs in retail and manufacturing will be replaced first, likely in the next 10 years, that will be followed by the number of white-collar jobs available declining because many of the daily job responsibilities for white collar workers will be replaced by AI automation so companies will need less humans for white-collar jobs.🇺🇸 🇺🇸 For example, CEOs such as Google’s Sundar Pichai and Microsoft’s Satya Nadella have noted that AI now writes around 30% of the code for their companies. 🇺🇸 Meta CEO Mark Zuckerberg, says the company may use AI to write 100% of their code within the next few years. 🇺🇸 Anthropic CEO Dario Amodei predicted that within a year, all code will likely be AI-written for his company. This is just one example of CEO’s predicting that AI will replace some of their employees in white-collar jobs. 🇺🇸

Business Insider

Klarna CEO warns AI may cause a recession as the technology comes for white-collar jobs

Klarna CEO Sebastian Siemiatkowski previously said its AI assistant was already doing the work of 700 full-time customer service agents.

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A US federal court’s ruled late Wednesday against President Donald Trump’s authority to levy some of his most sweeping tariffs 🇺🇸 We can expect this will delay the US from entering a stagflation period this summer to later in the year as the Trump administration is adamant they will find a way to enact tariffs by different means. In addition the Trump Administration is pushing for the spending bill currently in the Senate to pass. We can then expect the federal debt and inflation to increase substantially from the spending bill as well as higher prices from the additional tariffs the Trump Administration is planning to enact later this year. https://www.cnn.com/2025/05/29/business/tariffs-trump-economic-plan-hnk

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What will happen in 90 days when the pause on Chinese tariffs expires? 🇺🇸 What will happen at the beginning of July when the pause on the tariffs for most other countries in the world expires? No one knows. American businesses can’t forward plan their years or expand their businesses, hire more Americans, etc. if they have no idea what their costs of importing supplies and products from other countries will be from month-to-month. If American businesses can’t grow because of this chaotic style of tarrifs, then we can expect US economic growth to stagnate. https://www.reuters.com/world/us-china-tariff-live-updates-bessent-greer-announce-details-constructive-geneva-2025-05-12/

Stagflation: Why Retirees Should Care 🇺🇸 While the U.S. economy isn’t officially in a period of stagflation yet, signs are pointing in that direction. Also concerning is that if stagflation starts, it’s unclear how long it will last. “Stagflation is a double whammy for retirees, who now have to pay for things (via inflation) and likely have lower savings if the markets continue to do poorly,” says Blanchett. In periods of stagflation, it can be difficult for retirees to maintain their lifestyles without drawing more money from their retirement savings accounts. With stock markets down, retirees can no longer absorb inflation by relying on rising investment accounts as they did in the past, says Dann Ryan, managing partner at Sincerus Advisory. As a result, Ryan says retirees may need to pay more attention to how much they draw down from their retirement accounts; they should make sure they are closer to the 4% withdrawal rate during periods of stagflation. Retirees may also need to rein in their spending and adjust their lifestyle to cope with rising prices for goods and services.

Kiplinger

Stagflation: What It Is and Why Retirees Should Care

The risk of stagflation is trending in the US, with the economy contracting and uncertainty growing. Here

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