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HOUSEHOLD INCOME BREAKDOWN IN U.S.
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1. HOUSEHOLD INCOME BREAKDOWN IN U.S.
USAFacts
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2. Family Income Needed Per State to Live “Comfortably”
Visual Capitalist
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3. Pie Chart Breakdown of Student Loan Debt in America
Dave Lutz Jones Trading--President Donald Trump's student-loan changes are here — and for many borrowers, the biggest change will be their monthly bill. On July 1, the Department of Education rolled out new repayment plans, stricter borrowing caps for graduate students and parents borrowing for their kids, and new limits that could reshape who qualifies for a popular loan forgiveness program for public servants.
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4. More Women in Workforce than Men
Axios
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5. Data Centers by State-Virginia and Texas Lead
NY Times
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6. Technology and Jobs
New research looks at the complex interplay between changes in technology and what we do for a living.
Changes in technology drive changes in work. Manufacturing jobs have slowed over the decades, while new professions such as Uber drivers and social media managers have emerged.
A recent paper published in the Quarterly Journal of Economics examined the role of technology in creating new jobs and reshaping our economy. The researchers created a database of job titles from 1940 to 2018 and used natural language processing to analyze new professions.
The researchers found that about 60% of jobs in 2018 did not exist 1940. Since 1940, the bulk of new jobs has shifted from middle-class production and clerical jobs to high-paid professional jobs and low-paid service jobs.
They also identified two different impacts of technology. First, augmentation creates new types of jobs (think social media manager) while automation reduces the need for workers of other jobs (grocery store cashiers being replaced by self-checkout). The researchers found that automation eroded twice as many jobs from 1980 to 2018 as it had from 1940 to 1980. While augmentation did add some jobs to the economy, it was not as many as the ones lost by automation.
As of yet, the researchers have no insight into whether or not AI will boost augmentation of jobs or automation. They listed this as a direction for further exploration.
“We’re in an era where we have this new tool and we don’t know what’s good for. New technologies have strengths and weaknesses and it takes a while to figure them out. GPS was invented for military purposes, and it took decades for it to be in smartphones,” lead author David Autor, a professor at MIT, told MIT News. He added: “We’re hoping our research approach gives us the ability to say more about that going forward.”
Join us in New York City this September for the annual Fast Company Innovation Festival. Advanced-rate tickets are available now through Sunday, July 12. Grab your festival passes today.
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7. Nuclear Power Capacity To Jump 44% By 2036 As China Surpasses US
by Tyler Durden Global nuclear capacity is set to surge by 44% over the next decade as China topples the United States as the biggest nuclear power capacity holder and India will hike its capacity to boost energy security. These are the estimates in a new report by BloombergNEF, which sees total global nuclear capacity at 535 gigawatts (GW) by 2036, up from the 372 GW of installed capacity as of the end of 2025.
The world is projected to have as much as 535 gigawatts of installed nuclear power by 2036, up from 372 last year, according to the report released Wednesday.
ZeroHedge
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8. China Real Estate Market Erased 20-Years of Gains
Hedgeye
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9. Rogue Nations Use Crypto to Avoid U.S. Sanctions
Iran, Russia, North Korea and other targets of sanctions have dramatically increased their use of virtual currencies to duck U.S. pressure, handling around $100 billion worth of crypto last year alone, firms that track the flows say.
They are also becoming more sophisticated in how they navigate the market, creating their own digital tokens and crypto exchanges to help process transactions, the firms and Western authorities say.
Iran and Russia have used virtual cash to buy drones and weapon parts, and Russia has used it to pay salaries for seafarers who smuggle their sanctioned crude around the world, according to Western officials and crypto analytics firms. North Korea, which has mastered the art of stealing crypto through hacks and other cybercrimes, has used it to buy fuel and military equipment, officials say.
Iran War-IRGC Use of CoinEx to Avoid Sanctions.
Perplexity
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10. My Question—Brown U has 20% of Kids Getting “extra time” for Exams Due to Issues. Do They Still Get Extra Time While Cheating with AI
This chart should be a 'wake-up call' about AI cheating, Brown University professor says By Henry Chandonnet
Brown University professor Roberto Serrano told Business Insider that the "cost of cheating has basically gone down to zero." Roberto Serrano
Brown University professor Roberto Serrano saw scores drop between a take-home midterm and an in-person final.
He suspects the students cheated with AI. "It's certainly a wake-up call to the professors," he told Business Insider.
Serrano shared the exam scores. Some dropped from perfect scores on the midterm to below 20% on the final.
What feels off in this AI-generated summary?
Roberto Serrano's class scored curiously well on the take-home midterm exam. When he suspected widespread AI cheating and made their final exam in-person, their grades tanked.
The Brown University professor teaches welfare economics and social choice theory. The midterm was administered from home after a shooter killed two students in December.
"The problem with this technology is that the cost of cheating has basically gone down to zero," he told Business Insider. "It's very easy for students to succumb to the temptation."
When he told students that the final exam would be in person, many previously high-scoring students dropped out. Others who scored in the high 90s on the midterm scored in the 50s on the final.
Brian E. Clark, Brown's VP for news and strategic campus communications, wrote to Business Insider that Serrano shared details with the university's standing committee on the academic code on July 8. The committee "move forward according to its procedures."
"Brown treats every allegation of academic integrity with the utmost seriousness," Clark wrote.
The scandal has drawn interest across the internet, and particularly among those who work in tech. Y Combinator cofounder Paul Graham posted on X about it; two Google DeepMind staffers also shared their thoughts.
A chart of the data, which was first publicized by Inside Higher Ed, shows each student's grades:
Business Insider
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