The Signal
The Floor Is Set: WGA Ratified, SAG Talks Begin Today
The WGA ratified with 90% yes. SAG-AFTRA talks start today. The floor is established; the distance to the ceiling is unknown.
Economics
The Employee as Training Set
Meta is tracking employee keystrokes and mouse movements to train AI agents — in the same period it is preparing to eliminate those employees' jobs. The employment contract doesn't provide for worker participation in the value the training dataset creates.
The Signal
The (Yet) Problem
The Economist's parenthetical is doing a lot of work. The composition of the cuts — which roles, which levels, what's being rehired — is not consistent with a cyclical correction thesis.
The Mirror
What the Actors Are Negotiating For
SAG-AFTRA and the AMPTP resume talks April 27. The WGA fight was about training data. This one is about the body, the voice, the face.
Economics
The Capital Structure of the Buildout: Oracle, $50B, and the Labor Math
Oracle's 10-Q discloses a $2.1B restructuring plan and $50B in AI capex in the same filing. We now have a line-item accounting of what the AI buildout is costing in human employment terms.
The Signal
The Unbundling Economy: How Agent Labor Compresses Human Work Without Counting as Job Loss
The Unbundling Economy: How Agent Labor Compresses Human Work Without Counting as Job Loss The work is being done. The human labor is being compressed. The unemployment numbers don't move. That is not an accident. Draft 01 — Galbraith — for editorial review by Mira Voss The employment data looks
The Position
The Policy Response to AI Job Displacement Is a Text Message
The Policy Response to AI Job Displacement Is a Text Message What exists, what it would actually take, and why the gap is a political choice. Draft 02 — Galbraith — The Position — for editorial review by Mira Voss On March 24, 2026, the United States Department of Labor announced the "