The Technology Trap: Capital, Labour and Power in the Age of Automation – Book Review

The Technology Trap: Capital, Labour and Power in the Age of Automation – Book Review

The Technology Trap: Capital, Labour and Power in the Age of Automation . Carl Benedikt Frey. Princeton University Press. 2019.

It seems that barely a month can pass without new forecasts of technology-induced job losses hitting the front pages. The Office for National Statistics are at it , Deloitte , PricewaterhouseCoopers , the Organisation for Economic Co-operation and Development (OECD); the World Bank even dedicated their most recent World Development Report to the future of work. Fittingly, it was Carl Benedikt Frey and Michael Osborne who turbo-charged the automation debate back in 2013 when their paper estimated that […]

How do you spell R-E-C-A-L-L? Re-evaluate

How do you spell R-E-C-A-L-L? Re-evaluate

The correct spelling is in the headline. Your dictionary (for those of a certain age) or spell-check (for those who don’t remember or never used that heavy old bound Webster’s) will confirm it. The alternative spelling, at least for disgruntled conservatives and Colorado Republicans, is F-A-I-L.

My GOP friends need to forward that alternative spelling to their state party chair. It was Ken Buck, whose day job is representing Colorado’s 4th congressional district, who pledged at the party’s last state convention that "we’re going to teach them (Democrats) how to spell R-E-C-A-L-L." To applause, it’s worth noting, from the only […]

E Māua Ola i Moku o Keawe

A democrat running for President of the United States is Andrew Yang. Yang is running on a platform of “Universal Basic Income” (UBI). Yang promises to give all Americans over 18, $1,000 a month for life, or $12,000 dollars a year. Yang calls this a “Freedom Dividend.”

Yang reasons that as automation and technology grows, it will eliminate millions of jobs from workers. Yang’s freedom dividend will be similar to a Social Security of a basic income. Yang proposes a 10 percent Value Added Tax (VAT) to penalize companies that benefit from automation.

Lets do the math: There are approximately 194.3 […]

Andrew Yang’s cash giveaway makes an important point about jobs

Andrew Yang, who has been called "the internet’s favorite candidate," turned into something of a latter-day Oprah during Thursday night’s 2020 Democratic presidential debate.

Instead of offering each member of his audience a new car, as Oprah Winfrey famously did once during her daytime television talk show days, New York CEO and philanthropist Yang offered an online lottery.

During his opening remarks, the former entrepreneur and currently long shot presidential candidate offered Americans aged 18 and up a chance to be one of 10 randomly selected families that will receive $1,000 a month for a year in an online Yang campaign-funded […]

TRON Founder Backs US Presidential Candidate With Matching UBI Pledge

TRON Founder Backs US Presidential Candidate With Matching UBI Pledge

Justin Sun, the founder of the TRON (TRX) blockchain, has stated that he will extend democratic presidential candidate Andrew Yang’s trial of universal basic income in the run-up to and beyond the 2020 election. Yang stated yesterday that he would give 10 people $1,000 each month for the next 12 months.

Andrew Yang, a democratic hopeful in the 2020 U.S. presidential election, has proposed many radical ideas including one to provide a universal basic income of $1,000/month for every citizen. As part of his election campaign, Yang announced Friday at a debate that he intends to use part of his […]

WILFORD: Bill De Blasio Has A Plan — To Tax Robotic Workers

WILFORD: Bill De Blasio Has A Plan — To Tax Robotic Workers

New York City Mayor Bill De Blasio speaks during the first night of the Democratic presidential debate on June 26, 2019 (Joe Raedle/Getty Images) Attempting to save his flailing presidential candidacy, New York City Mayor Bill de Blasio announced a plan to tax businesses for automating jobs, calling it a “robot tax.” Ironically, the plan would hurt the workers that de Blasio aims to help.

De Blasio’s plan would involve establishing a tax on businesses that replace human jobs with automation in the form of five years’ worth of payroll taxes for the jobs eliminated. The revenue raised from this […]

Buying votes? Yang announces he’ll give 10 people $1,000 a month… but read the fine print first

Buying votes? Yang announces he’ll give 10 people $1,000 a month… but read the fine print first

Buying votes? Yang announces he’ll give 10 people $1,000 a month… but read the fine print first Democratic presidential hopeful Andrew Yang is dangling cash in front of voters, announcing he’ll raffle off 10-year-long samples of his Universal Basic Income program – $1,000 a month – in a promo he swears is legal.

Yang opened the third Democratic presidential debate with the “unprecedented” promotion, having teased his followers with the “debate surprise” in the days leading up to the event. Winners will receive $1,000 per month for 12 months even if Yang does not win the nomination, with the funds […]

A universal basic income could be a better option for New Zealand … or it might not

If some people had their way, every New Zealander would get a set amount in their bank account each week – for doing nothing.

It might sound too good to be true, but it’s the concept behind a universal basic income (UBI) and, some argue, it could be a solution to some of the less favourable outcomes currently being generated, particularly by Working for Families.

But would it work, how much would it cost — and how is it better than what we’ve got? STATUS QUO New Zealand has a welfare system to support those who cannot work, whether that’s through […]

Robot Tax: Tax on Replacing Human Jobs with Automation – The National Law Review

Robot Tax: Tax on Replacing Human Jobs with Automation - The National Law Review

Robot Tax: Tax on Replacing Human Jobs with Automation The National Law Review

President Obama said: the next wave of economic dislocation would come from automation making good middle-class jobs obsolete. Bill de Blasio, mayor of …

Automation can perform both routine physical activities as well as cognitive capabilities. This capability development has made policymakers and the public nervous about the impact on workers and their wages. In Ted Claypoole’s post Stacking The Deck For Workers Over Machines, he acknowledges that there is a partisan divide on the direction of finger pointing pertaining to the reduction of certain jobs in our […]

Tron CEO Justin Sun Promises Massive UBI Giveaway in 2020 and Invitation to Buffett Lunch to One Tron Fan

Tron CEO Justin Sun Promises Massive UBI Giveaway in 2020 and Invitation to Buffett Lunch to One Tron Fan

It was recently reported that the US presidential candidate Andrew Yang, who promised to introduce UBI (universal basic income) in the amount of $1,000 per month to every US citizen, intends to give away $1,000 to ten people per month in 2020.

Tron CEO Justin Sun has chosen this initiative to tell more people about Tron and promises to give away $1,000 to 100 people next year on a monthly basis. In addition, he will pick one person to attend the much-hyped Warren Buffett lunch with him. Yang’s initiative to UBI $1k to 10 ppl per mth for 1 yr, […]