Preparing for an AI tax crisis

If artificial intelligence really does replace human labor, the U.S. could be in for a tax revenue crisis. That’s because high unemployment shrinks the pool of taxable wages. In this episode, we visit Akron, Ohio — the former tire capital of the world — to learn what happens when lost jobs snowball into lost government funding. Plus: Economists hope for cake but will settle for crumbs in Fed Chair Warsh’s Jackson Hole Symposium speech, and a new plan for Colorado River drought management draws backlash.

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Read the stories in today’s episode:

• Will Fed Chair Warsh actually say anything in his big Friday speech?
• Two years after Hurricane Helene, Asheville Tea Company finds a new home
• What Akron's rubber bust can teach us about a possible AI tax crisis
• The new Colorado River plan is out, and it's already under fire