Category assigned: ROFLMAO.
... There are already a record 11.6 million Americans aged 65 and older still punching the clock. ... today’s elderly may actually be the last generation capable of working until they die on this scale. ...
More.
The percentage of older Americans working peaked in 2019-2020, as Peak Baby Boom 1957 turned 62. It's been all downhill from there.
The phenomenon has been a function of the size of the cohort relative to the overall population. The Baby Boom is like a dead bunny passing through the body of the snake.
Meanwhile the author fears the jobs these older people do are vulnerable to replacement by AI because they are supposedly overwhelmingly cognitive, so that younger workers will never be able to work until age 67 like many older Americans currently do.
But older workers are a diverse lot, performing a variety of work that can't be dismissed as simply cognitive.
Currently, the top 20 jobs by headcount of workers 55 and over according to the BLS are quite diverse, and categories where growth is expected to one degree or another in green outnumber those where stagnation and decline are expected in red by 3.5:1:
New Social Security retirement enrollments experienced a significant +5.01% spike in 2023, marking the largest single-year growth rate since the conclusion of the recession wave in 2009.
Peak Baby Boom started in 1957 and ended in 1961, with an average of 4.3 million births in each of the five years.
If you were born in January 1957, you reached full retirement age in July 2023 and were eligible for your first payment in August 2023. A person born in December 1961 is eligible for their first payment in December 2028.
This means the new exodus out of the labor force and into retirement and into the not-in-labor-force category will last from mid-2023 into 2029, a tsunami crashing out of the economy as these individuals become 66+ and 67 years old in their turn. Full retirement age is 66+6 months for 1957 (2023+), 66+8 months for 1958 (2024+), 66+10 months for 1959 (2025+), and 67 years for 1960 and 1961 (2027, 2028).
This exodus will combine with AI to incentivize reductions in force in corporate America, and we're already witnessing it.
For 2024-26 to date, layoffs have been running ~766k/yr on average annualized ahead of the average 20 million layoffs per year. Announced corporate job cuts late 2024-25 were ~720k, the highest in 15 years.
Trump reductions in force for the federal government at ~250k net contribute but are a sideshow by comparison.
Perhaps fortunately, the Baby Bust of 1973-1976, when annual births crashed to multi-decade lows of 3.1 million per year, means fewer people in their fifties exist to be victimized by AI like Baby Boomers were victimized by the Great Recession in 2009.
But the shrinking talent pool snaking its way through the economy may also be a reason driving AI in the first place.
The problem of unintended consequences is inescapable.
One thing we could fix though is "disabled workers". The Dot Com Bust and The Great Recession didn't suddenly disable anybody, but that's what the data shows.
They exploited a chink in the armor of the Social Security system, and are one big reason the system is teetering.
The Bush and Obama administrations both let it happen because they wouldn't, or couldn't, address the consequences of job loss in a straightforward manner, so they burdened the system instead with a wink, a nod, and an averting of the gaze.
Well, just look at the damn thing. ↓
Why Michigan voters are hearing ‘communist’ as they vote Tuesday
... Democratic socialist Darializa Avila Chevalier, who took down Rep. Adriano Espaillat, D-N.Y., in a Democratic primary in June, maintained a since-deleted Twitter account on the platform now known as X. There she included calls to “seize the means of production” and a quip that the now-candidate wiped her hands on an American flag. Trump seized on the latter tweet in a recent interview with CNBC.
Chevalier has since told MS NOW that she is not a communist. She called the focus on her past commentary a “distraction.” ...
This story fails to mention Abdul El-Sayed's proposal for the federal government to take a 50+1 stake in AI.
Most of the coverage of El-Sayed instead emphasizes that he says he's not technically a member of the Democratic Socialists of America, just as Chevalier insists she's not a commie.
Raise the tax rate two points, split between employer and employee, and raise the full retirement age from 67 to 69. Phase both in same as was done starting in the 1980s. That process concluded, by the way, only just this year.
It was going on all along and you never even noticed.
Doing this again will make Social Security solvent until 2100.
AARP to Congress: ‘We strongly object to fast-tracking Social Security changes’
... Nevertheless, no one of note is advocating the wholesale federal takeover of private property, including businesses and other enterprises. ...
First, Do No Harm: AI Under Democracy
... AI was built on our data and our labor; we should own a piece of it. Senator Bernie Sanders’s American AI Sovereign Wealth Fund Act would transfer 50% equity from the largest AI companies into public hands. I support that effort and propose to take it one step further because Americans deserve a seat at the table. ...
This country eats, drinks, and sleeps inflation in the post-war . . . at 3.4% since 1948.
It's the cover for the haves to rob the have-nots. The Fed's job is to keep it going, just at a lower level than the 4.4% of the last six years, while telling you that they work for you when they actually work for the banks and the corporations.
From 1871 to 1948 the inflation rate was 0.8%, for most of which time we had sound money . . . until they confiscated it in 1934.
The only true words below are "We don't know".
Warsh promises inflation will be a ‘thing of the past,’ cites benefits of AI investment boom
... "if we get policy right — and we will — the inflation surge of the last five years will be a thing of the past."
... "While monthly price fluctuations are inevitable — especially in an unsettled world — underlying inflation over longer time horizons is determined largely by monetary policy," he said.
... "We don’t know the extent to which the economy will benefit from the AI buildout," he added. "Yet it seems inevitable that what is now called ‘AI investment’ will soon be called just ‘investment.’"
Warsh previously has said he expects an AI productivity boom will prove disinflationary — a premise challenged by some economists as well as his fellow Fed policymakers. ...
Gee, I hope it's not this disinflationary:
O.M.G.
AI, data center fears could be key in closely watched Michigan Democratic Senate primary
... earlier this month, he unveiled a multi-pronged policy to rein-in AI that includes public ownership of the technology, an AI dividend paid to the public, mandatory divestiture of AI developers from major tech companies and a new tax on AI automation.
... McMorrow and other critics have questioned the feasibility of El-Sayed’s proposal, which in addition to 50% public ownership and direct payments to Americans includes expanded unemployment benefits and the establishment of a Food and Drug Administration-style safety testing agency within the federal government to test emerging AI technology.
... El-Sayed brushed off those claims. The farther left plan would be complete ownership, rather than the 50% he is proposing, he countered. ...
Trump picks housing Dir. Bill Pulte as acting intelligence chief, replacing Tulsi Gabbard
But speaking of idiots, just how does one become a former scion anyway?
... information services lost 13,000, part of a continuing trend that has seen the category down 342,000 jobs since November 2022, coinciding with the rise of artificial intelligence. That has equated to a loss of 11% of jobs during the period. ...
More.
33.19
AI estimates between 208-225k Americans had net worth of $30 million or more in 2025.
The payroll tax went from almost 10% to 12.4% between 1977 and 1990, where it has been the whole time until now (except in 2011 and 2012 under that damn fool Obama).
The full retirement age was also raised in 1983 from 65 to 67, on a schedule starting in 2000 and just concluding this year.
Time to do it again.
AI agrees that raising the full retirement age gradually from 67 to 69, also allowing about 17-years to start the process, and immediately commencing increases to the payroll tax by 2 full points from 12.4% to 14.4% will guarantee the Social Security scheme through the end of this century.
Do it now, Congress.
This is the cleanest way.
Republicans in Congress knew that they would be blamed in Blue states and lose even bigger next November.
Expect this executive overreach to be challenged in court.
Walmart is deploying millions of ambient Internet of Things battery-free sensors throughout its massive supply chain in the U.S.
The retail giant is using technology from Wiliot in what the IoT vendor is calling the first large-scale deployment of ambient IoT in the retail sector and one of the largest such implementations to date.
Ambient IoT is a class of IoT devices mainly powered by harvesting ambient energy from radio waves, light, motion, heat, or other viable ambient energy sources. It’s an evolution of legacy IoT and radio frequency identification technologies that promise lower costs and high scalability.
Walmart will be using the IoT sensors to track pallets nationwide by the end of 2026. “Expansion to other global markets is under consideration, but the immediate focus is the U.S. rollout,” Cathey said.
The company will now have real-time insights into inventory management, knowing exactly where merchandise is located and whether it’s owned by the retailer, at any moment, and covering an estimated 90 million pallets of inventory when at full scale.
The ambient IoT sensors Walmart uses capture signals about temperature, location, humidity, and dwell time. These signals are linked with the company’s advanced artificial intelligence systems, enabling the company to dramatically improve supply chain efficiency, inventory accuracy, and cold chain compliance.
“We expect to be active in about 500 Walmart locations by the end of the year, with plans for national expansion in 2026,” said Greg Cathey, senior vice president of transformation and innovation at Walmart. The rollout will cover 4,600 Walmart Supercenters, Neighborhood Markets, and more than 40 distribution centers, generating high-resolution supply chain data that feeds into Walmart’s AI systems, he said.
“This data provides proof of delivery, improves replenishment decisions, and lets us know where our items are in real time,” Cathey said. “By combining continuous sensing with AI, we’re moving from probabilistic predictions to precision decision-making.”
What makes the addition of ambient IoT sensors significant is it provides a new stream of data into AI systems, enabling them to be even more effective in giving Walmart greater visibility into supply chain operations.
The technology initiative is already making a significant impact by eliminating some manual tasks and providing automated alerts, Cathey said. “Associates no longer need to perform time-consuming checks to locate items,” he said. “Automated alerts now flag this information in real time, allowing associates to act faster and dedicate more time to serving customers.”
The enhanced visibility into the supply chain is also helping to resolve inventory discrepancies, allowing improved customer experiences.
While Cathey did not disclose specific figures such as cost savings, Walmart is anticipating gains from higher supply chain efficiency, improved inventory accuracy, reduced manual tasks for associates, and the ability to get items on shelves more quickly. “Customers [will] benefit from better product availability and consistency,” he said.
“AI system performance is predicated on its training data. The better the data, the better the AI performance,” said Julien Bellanger, president of Wiliot. “Supply chain AI has long been fueled by inherently out-of-date data — or forecasted data that represents projections rather than reality.”
Ambient IoT is changing this model, Bellanger said, by fueling AI with data that reflects what’s actually happening throughout the supply chain.
“We have been here before; Walmart was an early adopter of RFID back in 2004 when it was supposed to provide much the same functionality,” said Bill Ray, distinguished vice president, analyst and chief of research at research firm Gartner. “However, this time the cost of the tags is much lower, and that will be a tipping point.”
Ray says it’s important to note that the value of such IoT systems is already known. “The business models have been well studied and evaluated, when RFID was first touted as the solution to supply chain problems,” he said. “RFID has had an enormous impact, but the cost of the tags prevented the transformation it had promised. The industry has been able to integrate the new, lower-cost tags into the same value models, and come up with positive answers.”
Gartner has been tracking Wiliot for a long time. “The question was never if the technology could deliver on its promise. The question was if Wiliot could reliably scale production without compromising tag performance or price, and if it could integrate with existing supply chain systems. This announcement tells us that Walmart is convinced it can, now Wiliot will have to prove it,” Ray said.
“Ambient IoT just works,” Cathey said. “It doesn’t require wanding or scanning. It lets our associates do what they do, and they can focus on doing their jobs safely and efficiently while providing continuous, real-time visibility into our supply chain.”
Ambient IoT got a boost earlier this year when a new business alliance was created to develop and promote an open, multi-standard ecosystem for ambient IoT manufacturers, suppliers, integrators, operators, users, and customers, based on next-generation, battery-free ambient IoT standards.
By focusing on advanced communication technologies, the alliance is seeking to overcome the limitations of traditional battery-powered IoT devices, promoting more sustainable and efficient products.
https://www.cnbc.com/2025/10/15/walmart-deploying-millions-of-internet-iot-sensors-across-us.html