Rachel Premack
@rrpre
Followers
20K
Following
45K
Media
2K
Statuses
17K
1980 Motor Carrier Act truther. Previously: @freightwaves @businessinsider @washingtonpost @umich
Joined January 2013
"Trucking is obviously resistant to outsourcing, and self-driving technology has yet to replace any drivers. Still, its pay, prestige, and working conditions have tumbled over the past several decades." My in-depth look at the Motor Carrier Act of 1980:
businessinsider.com
Truck drivers' salaries have decreased by as much as 50% since the 1970s. Economists say The Motor Carrier Act of 1980 is partially to blame for the devaluation of one of America's most dependable...
9
26
109
Curious how much HC job growth comes from NY State-like programs where middle class people can 1. easily qualify for Medicaid long-term care 2. use state funding to pay relatives as caregivers
0
0
1
It all comes back to the growth in home healthcare workers
• Employment growth since 2019 has been dominated by health/social assistance (268k) which more than explained the rise in 220k jobs, driven by gov spending • While tech is up; it still employs just 84k people vs 383k in finance + insurance • 10% of $10m+ hhlds left after 2018
1
2
8
Signs NYC is definancializing: • Share of workers in finance went from 12% in 1990 to 7.7% now • NYC only got 19k finance jobs out of 233k created in last five years • JPMorgan employs more in TX than NY • national share of college educated and millionaires has fallen
29
65
438
Between 2010 and 2024: "10 of the city’s 59 Community Districts, with only 13% of the City’s population, were responsible for 47% of the housing stock growth. 1/2 of the city’s community districts, with 58% of the population, added only 22% of the housing stock."
1
1
5
I am traveling from Brooklyn to Newark airport on the morning of Nov. 2 (the NYC marathon). Am I cooked? Do I need to leave the night before? Please advise
8
0
13
I'm open to the possibility that AI is having a nonzero effect on the labor market. But the varied mix of firms announcing layoffs strikes me as more consistent with the main driver here being a correction from over-hiring in the wake of the pandemic. https://t.co/mKX8AMP7zB
24
89
456
"As Umberto Eco puts it, 'The universe of the early Middle Ages was a universe of hallucination, the world was a symbolic forest peopled with mysterious presences; things were seen as if in the continuous story of a divinity who spent his time reading and devising the Weekly
thebaffler.com
Technology changes us—and it is currently changing us for the worse.
8
95
870
fun fact: being a New York City Subway rider is more than 30x safer than being a driver in Duffy’s home of Sawyer County, WI
Sean Duffy: "If you're a Democrat, you're a liberal, you don't like cars and you want people to ride public transportation, I think that's wonderful, good for you. But if you want us all to ride public transportation, make it safe. Make it clean. Make is beautiful. I don't know
284
1K
13K
“(The) appetite in the West for testing on animals at all, let alone gene-editing human diseases into them, has started to sour… China, meanwhile, has interpreted such Western retrenchment as opportunity. There is no animal welfare law that covers medical research, be it for
bloomberg.com
The research, including creating monkeys with schizophrenia and autism, would face layers of ethical reviews in the US and Europe.
2
0
10
"Life away from Fig had turned out to be both hard and complicated. Life back on Fig was hard, but simple."
nytimes.com
Inside the effort to pull minors from ‘the Blade,’ one of the most notorious sex-trafficking corridors in the United States.
0
0
2
I learned 12 hours ago that some towns are BANNING car washes because we have built too many car washes. $14B industry expected to double by 2030 "More car washes were built in the last decade than all the preceding years combined" They are insanely profitable ($1.5M revenue
37
21
492
WWII was an aberration. US shipbuilding's postwar decline was a return to the status quo ante of an industry that hasn't been internationally competitive since the Civil War.
Trump: "In World War 2, we were the biggest in the world on shipbuilding. And then over the years we went wokey."
4
11
39
In the 90s, Pakistan had 50% higher GDP per capita than India, but now it’s only half as large as India’s
230
455
3K
I’m begging people to go back and read the contemporaneous reporting of the housing market from spring of 2005 to mid 2006. It was meticulously documented by the mainstream press how insane consumer behavior was, and how prices subsequently began rapidly declining.
68
272
3K
I was okay with “artificial intelligence” but now that it’s ousted my local REI I see how dangerous this whole boondoggle really is
wtf the rei in nyc is closing and being replaced with an openai office? they do not deserve a building that beautiful
0
0
52
U ever think about how you can live a completely pointless unproductive degenerate life because the rest of the world has to hold risk free dollar denominated assets
12
54
1K