2 entries tagged economics. All writing.
WORLD · OCTOBER 7, 2026 The Minimum Wage: What It Was For, What It Buys Now, and Whether a Fast-Food Job Should Pay a Living A standing page on the US minimum wage, refreshed as the numbers move. The 1938 law's 25 cents is about $5.92 in today's money, yet it was roughly 40% of the average factory wage while $7.25 is about 19% of average pay now. As of October 7, 2026, California's fast-food floor is $20 and its general floor rises to $17.40 on January 1. CULTURE · SEPTEMBER 30, 2026 Track Three: "So You Think AI Is a Normal Technology" A five-minute music video credited to Claude Opus 5.5 takes on "AI as Normal Technology," the 2025 essay arguing AI will spread at the slow pace of electricity, and calls out the essay's skeptic allies by name: Acemoglu, Solow, Baumol, Gary Marcus, Yann LeCun. It's a diss track aimed at an economics seminar. Third entry in the Notebook's running AI-music collection.