prefer

companies prefer investors

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For 99% of the world’s population, salary is the main source of wealth since it is their only way of income main. However, the data collected by one of the largest fixed income managers, point out that the weight of salaries in global wealth is at its historic lows, while that of financial capital takes the largest share. This imbalance is not accidental and explains why the economy can show growth while many employees suffer to make ends meet. The disconnection between productivity and wages. A good example of this phenomenon is we see in the data of the Economic Policy Institute Updated to January 2026, between the fourth quarter of 1979 and the third quarter of 2025, productivity in the US increased by 90.2%, while hourly wage compensation only increased by 33.0% during this period. This means that the financial productivity has grown 2.7 times more than salaries, generating a gap that benefits companies, senior executives and shareholders, but not the employees of those same companies. He historical of the Federal Reserve Bank of St Louis leaves another illustrative example of this phenomenon. Since the late 1970s, the relationship between wages and GDP in the United States has been progressively sinking, except when serious global crises have occurred: in the 2000s with the dotcom crisis, and in 2020 with the COVID-19 pandemic. That is to say, salaries have been losing weight in the wealth of countries for decades. History of the relationship of salaries with respect to GDP in the US The historical minimum of the salary weight. The share of income from work has gone from representing approximately two-thirds of global GDP in the early 1980s to 52.4% of global GDP today, the rate lowest in the historical series according to the International Labor Organization. According to this organization, if employees received the same proportion of salaries to GDP as in 2004, global salaries would increase by an additional 2.4 trillion. This imbalance is mainly due to the fact that the economy rewards more capital returns than the human effort of work (salaries), with companies focused on obtaining quick returns for shareholders instead of raising payrolls. Increase in productivity and wages The impact of AI on salaries. In recent years, the development of artificial intelligence is beginning to increase this gap by automating tasks. at entry points. Research from the University of Navarra determined that the arrival of ChatGPT (and other LLM models) drove down wages of companies most exposed to AI by up to 4.5% on average, compared to companies less exposed to automation. ​The salary impact was greater among junior workers, that they lost 6.3% in starting salaries and a 4% drop in job offers, while senior workers lost an average of 5.9% in their salary level. Causes behind the turn towards capital. From PIMCO they explain that companies use intangible capital such as software and data (AI, in short), to scale profits without using more labor in the process. That decoupling of the hand work would be reducing the bargaining power of employees, while AI encourages companies to contain payroll expenses to maximize dividends. Since the 1990s, factors such as globalization, loss of bargaining power of unions, and concentration of capital in large firms have eroded the labor portion of income. Tiffany Wilding, an economist at PIMCO, said: “Starting with computers and software, and now adding automation and artificial intelligence, technological tools are easily replacing mid-level and increasingly skilled labor.” In Xataka | We believed that AI was going to retire an entire generation of workers early. The opposite is happening Image | Unsplash (Marcus Locke)

Why more and more Gen Z students prefer trades over college degrees

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Forty years ago China decided to invest in training millions of engineers who have turned out Be your ace in the hole in the AI ​​race. In fact, it is the country with the highest number of STEM graduates in the world and while ups its ante on doctoratesboth the government of the Asian giant and generation Z have begun to pay attention to vocational training. The graduate bubble. The Chinese Ministry of Education counted in November 2024 that in 2025 there would be a historic number of graduates: 12.22 million, how to collect the official newspaper of the Central Committee of the Communist Party of China. With this panorama, the competition is fierce, also taking into account that The United States has made visas more difficult for those who decide to migrate. The Chinese Ministry of Education is offering different measures and support systems in the form of recruitment events in key regions and industries to alleviate unemployment among university students. It doesn’t seem enough. Labor demand changes. On the other hand, companies are changing their needs: official data show that the demand for people with a university degree fell from 20.3% to 17.4% last year. However, the number of those who had completed vocational training rose from 8.5 to 11%. The FP is so sought after that this segment was the one that had the highest rate of job offers in 2024. It is already a matter of state. Not only is it a labor market issue, but it is also a guideline that points towards a “Strong Educational Nation.” That is the objective of new state plan in education (2024 – 2035): China makes vocational training a state priority, committing to concrete measures such as more funding, improvements in facilities and the development of a modern skills system. In short, vocational training has the same importance as academic training to sustain technological self-sufficiency. As already happened in Europein China they are also stopping stigmatizing VET as an alternative for students with fewer resources or worse grades. The return on investment is no longer profitable. Sixth Tone picks up the testimonies of several young people and their experiences such as that of Ke Chenxi, who scored high enough on the gaokao (something like the PAU) to go to university, but he chose to enroll in a vocational school. Yes, economic and family circumstances were partly to blame, but also because the Wuhan Vocational Institute program offered shorter early childhood education courses, intensive internships, and faster incorporation into the labor market. Associate Professor of Shanghai Fudan University Gao Shanchuan speaks directly from the “income effect”, that is, from the belief that by going to university you will have a higher salary: “What is changing is that young people are beginning to evaluate education in a more pragmatic way. If vocational training leads to stable jobs and a reasonable income, their social prestige will improve over time.” Zhuo Ping is a teacher at Ke School and is clear that although VET is not going to replace universities, it does encourage students to choose according to their aptitudes and not just prestige: “We went from focusing solely on credentials to more substantially recognizing ability.” Wuhan is the epicenter of change. The Chinese city is a true higher education cluster, with more than 80 universities and a strong weight of technical careers. But also where VET is emerging: those who obtain their degree in trades already find work as quickly as their university counterparts, with a successful access rate to the labor market of over 98% in some institutions. And they do so by accessing the labor market faster and with more experience. That VET centers in Wuhan work closely with local companies to design training according to the needs of the industry and not according to rigid and theoretical itineraries will surely help. In fact, in Sixth Tone they pick up the statements of a human resources supervisor, who experiments with live reality, highlighting their good performance, adaptation and skill, although they have pending issues such as teamwork. In Xataka | China promised them very happy with day 996. Until they realized that it was a shot in the foot In Xataka | China has a huge youth unemployment problem. So much so that some people pay to pretend to work Cover | Green Liu and TruckRun

That the US authorizes Nvidia’s H200 to reach China is not a concession, but a plan. They prefer money to competition

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The chip war between China and the US has mutated from a blockade to a commercial transaction. Donald Trump has announced that he will allow Nvidia export its high-performance H200 chips to China. The authorization carries an unprecedented condition: the US government will receive a 25% commission about these sales. This “reverse tariff” transforms China containment into a source of income, breaking with the strategy of total suffocation and offering a lifeline to Nvidia in its most critical market. End of free blocking. The decision is a direct result of a meeting last week between Trump and Jensen Huang, CEO of Nvidia. The White House’s logic has changed: it argues that this measure is carried out under strict national security conditions, extending the model to competitors such as Intel and AMD. It is a movement that formalizes what was already intuited a few months ago, when Nvidia managed, after a first meeting with Trump, lift veto on bottom H20 chip. At that time, a precedent was already established of transferring 15% of income to the country, a figure that now scales to 25% for the most powerful hardware. Tap on the image to go to the original post A dose for China. That they chose this chip is no coincidence: the H200 is significantly more powerful than the H20—the trimmed model that China had started to boycott— but it is still behind the cutting-edge Blackwell architecturewhich is still banned. According to advisors such as David Sacks, the North American country seeks to keep China addicted to its technology: if they are denied all access, they are forced to look for alternatives of their own. In fact, Huawei has already admitted that it will take two years to match the performance of the H200, making this chip the perfect tool to slow down Chinese development while monetizing its need. Cracks and black market. The reality is that the total blockade was failing. Recent investigations showed how Chinese companies used shortcuts through Indonesia to access the power of banned chips. Furthermore, the second-hand market had become the main avenue for China get H100 and A100 GPUs off the radar. By allowing the sale of the H200, the US is trying to regain control over a flow that already existed, but in the shadows. At the same time, the Department of Justice announced “Operation Gatekeeper” to dismantle smuggling networks in countries like Hong Kong. China’s response. The great unknown is precisely this, the reception of the news in Beijing. Although Trump claims that Xi responded “positively,” the reality on the ground seems different. China has been for months banning your local businesses buy Nvidia chips to promote its domestic industry. The CAC (Cyberspace Administration of China) came to investigate the H20 looking for rear doorssomething that generated a climate of mistrust that not even the previous July agreement managed to completely dissipate. Jensen Huang, who warned about the danger of an “AI silk road” If the US continued to block sales, with this pact it gets a golden opportunity to not lose a market that represents 13% of its income, although its Chinese clients must now pay the price of American geopolitics. Cover image | Composition with images from Nvidia and RawPixel In Xataka | China has just redrawn the map of strategic minerals: its new rules on rare earths target the United States

Huawei’s problem against Nvidia is that China’s own companies prefer to continue using Nvidia

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Chinese companies that are dedicated to the development of large models of artificial intelligence (AI) are trapped. On the one hand they are being forced to deal with the export restrictions of the GPU imposed by the US government. And, in addition, they are subject to His own dependence on American technology. A priori the optimal solution for them would be to stop buying Nvidia and other US companies their chips for AI, and getting “comparable” GPUs proposed by Huawei or Moore Threadsamong other Chinese companies. However, as explained in your article to Foreign Policy The American analyst Kyle Chan, the scenario they face is more complicated than it seems. And it is that abandoning Nvidia in practice is very difficult. According to ChanTencent, Bytedance, Alibaba and other Chinese companies prefer GPUs for NVIDIA because their performance is greater, especially when facing the training processes of their AI models. However, they especially opt for the chips of this American company thanks to CUDA (Compute Unified Device Architecture). CUDA is the most devastating Nvidia weapon to continue leading in AI Hardware Most of the AI projects that are currently being developed are implemented on CUDA. This technology brings together the compiler and development tools used by programmers to develop their software for NVIDIA GPUs, and replace it with another option in the projects that are already underway it is a problem. Huawei, who aspires to an important portion From this market in China, it has Cann (Compute Architecture for Neural Networks), which is its alternative to CUDA, but for the moment CUDA dominates the market. “China must develop an alternative system to achieve self -sufficiency in AI” This declaration of Li Guojie, a computer scientist from the Chinese Academy of Sciences that is considered an authority in China, Express clearly how important are the tools that I just mentioned in the AI models development ecosystem: “China must develop an alternative system for achieve self -sufficiency in AI (…) Deepseek has had an impact on the CUDA ecosystem, but has not completely overcome it because barriers persist. In the long term we need to establish a set of software tool systems for the controllable that exceed CUDA. “ This is undoubtedly one of the great challenges that China faces in this area, and probably its best option is Cann. During the last five months Huawei has launched two GPU for Ia Very competitive and is about to take a very important step: Cann will position as an open source tool kit. Its purpose is, According to Eric Xu ZhijunRotary President of Huawei, “to accelerate the innovation of developers and get the chips of the Asce Family to be easier to use.” Xu Zhijun does not mention it expressly, but what his strategy pursues in the background is to increase the competitiveness of the Huawei ecosystem attacking Nvidia where he is stronger. In addition, it has already begun to discuss with the main actors of the AI industry of China, as well as with its business partners, universities and research institutions How to build your ecosystem Open source ascend. If this initiative thrives, and presumably will, it will represent a very important step forward on the road to China’s technological independence. Image | Nvidia | Huawei More information | Foreign Policy In Xataka | Nvidia has to deal with the absolute distrust of several US legislators. His plan in China is in danger In Xataka | The US wants to end the chips for the Chinese that are sold abroad. And China knows how to defend oneself

Although the Kindle Paperwhite is offer again, I prefer this other color screen alternative that costs the same

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The Kindleespecially the cheapest ones, are the most popular ereaders that are currently in stores, but they are not the only options we have, they are not even the cheapest or those that have better value for money. Now the Kindle Paperwhite He has fallen again on Amazon, but for the 149 euros What costs I prefer the Kobo Clara Color. * Some price may have changed from the last review An ereader with excellent value for money He Kobo Clara Color It is, so to speak, an evolution of Kobo Clara 2Ebut with certain additions to improve reading in some formats. The main novelty of this model is that it comes with a Color screen (We also find it in the Kindle, but in the colorsooft model it costs 259 euros), something that can be interesting to read comics or magazines, always taking into account that The screen is 6 inches. In this way, it is an ereader that is ideal to use both at home and outside it; in fact, The format is perfect for saving it in a backpack or in a bag, it even fits in a bandolera or fancier “I always take it in the Tomoc Compact X-Pac-. On the other hand, it does not include physical buttons to pass the pages, everything is done through the touch screen. As for other specifications, Kobo Clara Colour comes with adjustable frontal lighting, storage of 16 GB to save many electronic books, is water resistant and offers an autonomy of weeks of use. In addition, it allows to play audiobooks and has the Pocket function to save online items and read them when we do not have an Internet connection. You may also interest you Case for Kobo Clara Color * Some price may have changed from the last review Case for Kobo Clara Color * Some price may have changed from the last review Some of the links of this article are affiliated and can report a benefit to Xataka. In case of non -availability, offers may vary. Image | Kobo In Xataka | Kindle Colorsooft vs Kobo Libra Color. What ereader with color screen chose according to your tastes and needs In Xataka | Best electronic books. Which to buy and nine recommended models

They prefer to work in a hospital than in a great technological

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The labor market has not finished leaving the storm caused by the Generalized Teleworking Implementation and the subsequent movements of the companies to make their employees return to officeswhen you must face a new challenge. A study Made in the United States by the National Society of Hight School Scholars (NSHSS) has revealed the first signs of tired of generation Z with the Labor dynamics of the technological sector. The data suggest that, given a future marked by the arrival of AI, young people prefer to study careers related to the health or welfare scope, leaving aside the computer races or certain engineering. A sector at risk. Prominent voices at the head of large companies, Like Nvidia or aws, They have assured On different occasions that AI will make the engineers unnecessary know how to program. Technological profiles are expected to be the most sensitive to Automation Impact As companies begin to implement AI, which shows a bad expectation for the future for the sector. In addition, the job instabilitywith hundreds of thousands of annual layoffs in large companies, and their high rotation, it remains attractive to a Z generation that seeks economic stability for its future, such and as revealed The consultant’s survey What’s The Big Data. Generation Z prioritizes job stability. According to collected data By Networks Trends about a sample of more than 10,000 US students, 76% of the young Z generation who are graduating in universities prioritize a stable work careerabove the location of the company (75%), its reputation (72%) and even the possibility of obtaining a high salary (71%). 50% of respondents say they are very concerned because, after years of study of a career they like, the incorporation to A toxic work environment take them to suffer burnout or have trouble developing their career. With that fear in mind, many of the students have reduced their interest in great technological ones, which no longer offer the idyllic job environments years ago. Great technology are no longer preference. According to The study From HSHSS, newly graduated students are prioritizing working in companies in the health or welfare sector, instead of in the great technological ones that had been leading the listings of better places to work for years. According to these data, Google has gone from being the fourth company in which students would like to work in 2022, to occupy the seventh place on the list in 2024. Just behind we find Amazon and Apple, which have also fallen several positions. Companies like Spacex have fallen from the ninth place to the twenty -second. The trend also reaches Spain. Although at a slower pace, the change in trend in the election of careers, the branches of the field of health and social services have registered a significant increase between 2018 and 2024, as reflected in The study ‘Employability of young people in Spain of 2024’ prepared by the CYD Foundation. Computer and engineering careers continue to have A very important weight In the election of the students, but the careers of Medicine and Nursing have registered a very prominent rebound, although the report highlights that it is one of the sectors with the greatest temporality. Spain ages: sanitary ones are needed. He demographic aging In Spain it is one of the reasons why this health sector has grown 4% in the last year and faces a generational relief process given that, According to data Randstad, 40% of employees in this sector are over 45 years old. That is, unlike the technological that tends to specialization and automation, the health sector tends to need more personnel and with a low exposure to the impact of AI. In Xataka | Technological talent in Spain grows 4% per year. But you have to go to other countries to work Image | Unspash (Sigmund, Akram Huseyn)

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