Tag: conservative

Guest opinion: Technological progress and increasing income inequality

Guest opinion: Technological progress and increasing income inequality

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Vijay Mathur

Technological change in the U.S. is essential for capitalism and the market economy to thrive in the globally competitive economy. Many economists and non-economists, including politicians and businesses executives, believe that technical change and automation improve production efficiency, save labor cost, and increase productivity and profits. There is also an understanding that workers will participate in productivity and profit increases in the form of higher employment and wages. Therefore, the share of productivity increase for workers will grow in addition to the increase in shares of profits and compensation for business executives, thus decreasing income inequality. However, […]

The Hype around “Operational Efficiency”

The Hype around “Operational Efficiency”

Corporate earnings calls have shared a common theme of late: operational efficiency. According to Morgan Stanley analysts, mentions of efficiency have steadily increased since 2022 . This trend indicates a significant shift in how companies are strategizing for the future. Yet the efficiency focus is about more than just cost-cutting. Greater emphasis on efficiency also has to do with technological developments, and AI in particular. As understanding of AI’s potential grows, executives have begun to anticipate new ways of reducing labor costs (labor substitution) and speeding up and improving work processes (labor augmentation) to boost productivity. According to Morgan […]

Protectionists Are Wrong: Free Trade is the Path to Prosperity

Protectionists Are Wrong: Free Trade is the Path to Prosperity

Print Invited guests flank then-President Trump at the signing ceremony for the United States-Mexico-Canada Trade Agreement. 2020. Both major presidential candidates, Joe Biden and Donald Trump, have leaned towards protectionism, a stance recently echoed by Terry Schilling in The American Conservative . Unfortunately, this perspective misses the mark.

Protectionism is not the solution to revitalize American manufacturing or the economy. The real culprits are flawed internal policies — excessive government spending, high taxes, and stringent regulations — that stifle growth and innovation.

Politicians from both sides of the aisle often scapegoat countries like China and Mexico for the decline in US […]

Levy Yeyati: ‘AI creates tensions that can lead to outsider populism’

Levy Yeyati: ‘AI creates tensions that can lead to outsider populism’

The Argentine economist spoke to the Herald about his recent book on AI’s impact on politics, economy, and society

Eduardo Levy Yeyati Eduardo Levy Yeyati is an Argentine economist, academic, and writer. In his latest book, “Automatizados” (Automated), co-authored with economist Darío Judzik, he plunges into the debate surrounding the impact of AI on the economy, jobs, and politics, as well as people’s daily lives.

Levy Yeyati received the Herald at his home in Buenos Aires. With his cat roaming in the background, he answered questions about the book’s key ideas. This interview has been edited for length and clarity. […]

What you really mean when you claim to support “UBI for job automation”

What you really mean when you claim to support “UBI for job automation”

Author’s Note: Though I’m currently a governance researcher at Convergence Analysis , this post is unaffiliated with Convergence. The opinions expressed are solely my own.

You’ve seen it a dozen times at this point. You’re probably broadly aligned philosophically, but haven’t thought terribly deeply about the details. You generally support Andrew Yang’s $12k / year “ Freedom Dividend ” as “moving in the right direction”, even if it’s economically flawed .

The argument goes roughly like this: “All of our jobs are about to be automated away with AI technology and robotics! We’ll end up soon in a post-work society […]

Electronics in agriculture

Electronics in agriculture

Smart farming makes use of modern technologies. Source: Adobe Stock The incorporation of electronics has become a game-changer in the ever-evolving world of agriculture, causing a paradigm shift in long-established farming methods and accelerating long-term growth. A more resilient and sustainable future for global food production is within reach because of the marriage of electronics with agriculture, which includes innovations such as precision farming, the internet of things (IoT), biotechnology integration and advanced data analytics. This is more than just a trend; it’s a fundamental shift. This article explores how technology is changing the way we grow and harvest […]

Labour warns over job losses in wake of driverless cars

Labour warns over job losses in wake of driverless cars

Shadow transport secretary Louise Haigh said the mistakes of deindustrialisation cannot be made with the introduction of self-driving cars.

Last updated 7 hours ago Autonomous vehicle trials Job losses as a result of self-driving cars cannot be allowed to replicate the “ravages of deindustrialisation”, Labour have warned.

During the second reading of the Automated Vehicles Bill, Transport Secretary Mark Harper told the Commons it is part of the Government’s plans to make the UK “the natural home for the self-driving vehicle industry”.The Bill aims to set the legal framework for the safe deployment of self-driving vehicles.Shadow transport secretary Louise Haigh said […]

Labour warns over job losses in wake of driverless cars

Job losses as a result of self-driving cars cannot be allowed to replicate the “ravages of deindustrialisation”, Labour have warned.

During the second reading of the Automated Vehicles Bill, Transport Secretary Mark Harper told the Commons it is part of the Government’s plans to make the UK “the natural home for the self-driving vehicle industry”.

The Bill aims to set the legal framework for the safe deployment of self-driving vehicles.Shadow transport secretary Louise Haigh said the mistakes of deindustrialisation cannot be made with the introduction of self-driving cars.She said: “There is one major area that this Bill does not address and […]

Labour Warns Against Job Losses in Self-Driving Car Era, Echoes Deindustrialisation Lessons

Labour Warns Against Job Losses in Self-Driving Car Era, Echoes Deindustrialisation Lessons

Labour Warns Against Job Losses in Self-Driving Car Era, Echoes Deindustrialisation Lessons As the UK gears up to become a global hub for self-driving vehicles, Labour voices have raised concerns about potential job losses, urging the government to learn from past mistakes of deindustrialisation. During the second reading of the Automated Vehicles Bill, Shadow Transport Secretary Louise Haigh highlighted the need for careful consideration of automated vehicles’ impact on employment, especially in regions already battered by economic shifts. Meanwhile, Transport Secretary Mark Harper emphasized the bill’s role in positioning the UK as a leader in the self-driving vehicle industry. […]

Labour warns over job losses in wake of driverless cars

Labour warns over job losses in wake of driverless cars

Shadow transport secretary Louise Haigh said the mistakes of deindustrialisation cannot be made with the introduction of self-driving cars.

Shadow transport secretary Louise Haigh said the mistakes of deindustrialisation cannot be made with the introduction of self-driving cars. Job losses as a result of self-driving cars cannot be allowed to replicate the “ravages of deindustrialisation”, Labour have warned.

During the second reading of the Automated Vehicles Bill , Transport Secretary Mark Harper told the Commons it is part of the Government’s plans to make the UK “the natural home for the self-driving vehicle industry”.The Bill aims to set the legal […]