🌞 Good Monday morning!
Situational awareness ... Vaping floods schools, per N.Y. Times' Kate Zernike: "School officials, struggling to control an explosion of vaping among high school and middle school students across the country, fear that [e-cigarettes] are creating a new generation of nicotine addicts."
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Leading economists are increasingly scaling back the most apocalyptic forecasts of job losses resulting from the new age of automation, Axios future editor Steve LeVine writes:
But there's still trouble ahead: The OECD economists arrive at a relatively high number of overall jobs at risk — about 38% of American jobs. They say that just 10% will be entirely vaporized, while about 28% will be transformed into new positions requiring a clutch of new skills.
A front-page Financial Times article about the study today notes (subscription): "The report shows that worries about 'massive technological unemployment' are to some extent overblown ... Instead the risks are of 'further polarisation of the labour market' between highly paid workers and other jobs that may be 'relatively low paid and not particularly interesting.'"
Another red flag: Such studies don't have a stellar record for accuracy, says Andrew McAfee, a leading MIT researcher and co-author of "The Second Machine Age," tells Axios: "I am not disparaging this report, but the track record of predicting job growth and job losses is poor."
"You know, I find that argument, that if you’re not paying that somehow we can’t care about you, to be extremely glib. And not at all aligned with the truth.
"The reality here is that if you want to build a service that helps connect everyone in the world, then there are a lot of people who can’t afford to pay. And therefore, as with a lot of media, having an advertising-supported model is the only rational model that can support building this service to reach people ...
"I don’t at all think that means that we don’t care about people. To the contrary, I think it’s important that we don’t all get Stockholm Syndrome, and let the companies that work hard to charge you more, convince you that they actually care more about you. Because that sounds ridiculous to me."
P.S. April Fool: Elon Musk tweets, "Tesla Goes Bankrupt."
As Saudi Crown Prince Mohammed bin Salman continues his grand tour of the U.S., The New Yorker's Dexter Filkins weighs in with "A Saudi Prince’s Quest to Remake the Middle East":
P.S. Hollywood gives M.B.S. the royal treatment, per L.A. Times:
Russian diplomats expelled by the U.S. leave their embassy in Washington on Saturday.
New overnight from CNN: "British authorities examining the poisoning of former Russian spy Sergei Skripal believe the daring placement of the nerve agent on his door shows a sophistication that likely had the approval of the Kremlin."
Fifty years ago Wednesday — on April 4, 1968 — a single bullet in Memphis, Tenn., changed the world: The Rev. Martin Luther King Jr. was assassinated.
Flip through the nation's Sunday newspapers, and you'll see what a big deal this moment was everywhere:
Worthy of your time ... "The witness ... Clara Ester, the Lorraine Motel and the legacy of Martin Luther King," by USA Today's Rick Hampson in Memphis:
Illustration: Sarah Grillo / Axios
Pharmacy benefit managers play an important but secretive role in controlling the prices of prescription drugs — and they're working hard to keep it that way, Axios health care business reporter Bob Herman writes:
Illustration: Lazaro Gamio / Axios
A new twist is unfolding in the fight between activist investors and the oil industry, Axios' Amy Harder writes in her weekly "Harder Line" energy column:
New York magazine's Jonathan Chait argues that corruption, more than Russia, is Trump's greatest political liability:
"Steven Bochco, the Emmy-winning television writer-producer who brought 'Hill Street Blues,' 'L.A. Law' and 'NYPD Blue' to the small screen, died [yesterday] after a battle with cancer. He was 74," the L.A. Times writes:
Women's Final Four championship ... Notre Dame's Arike Ogunbowale hits shot of a lifetime — again! ESPN:
For the men, one of the maddest Marches in college basketball history climaxes tonight in San Antonio (9:20 p.m. ET on TBS) ... No. 1 Villanova and No. 3 Michigan — prolific offense vs. stifling defense, AP writes:
☕ Thanks for reading. Have the best week on Axios.com ...