Tag: consumer

Human Games: Can We Beat the Bots?

Human Games: Can We Beat the Bots?

Artificial intelligence (AI) and automation are reshaping the workplace and the economy. Can humans successfully compete?

As the worldview envisioned by futurists and science fiction writers in the 1950’s and 60’s takes shape, a global economy still shaken by the Great Recession is riding the rails straight into what some call the “Second Machine Age” or “The Fourth Industrial Revolution.”

Second, fourth, however you count it—the real question is whether meaningful human employment is poised to come in last. Earlier , we discussed news on the future of work presented at the World Economic Forum (WEF) held in Davos, Switzerland in […]

Amazon’s Successful Automation Boosts Employment — For Now

Amazon’s Successful Automation Boosts Employment — For Now

Amazon’s automated warehouses continue to show how rapidly smart machines are taking over tasks that were performed by humans. A few years ago, workers pushed carts for miles around the warehouse picking out items for customer orders. Huffpo reported in 2011, “Some workers at Amazon.com’s Allentown, Pennsylvania warehouse are reportedly willing to contend with working at a brutal pace in dizzying heat so long as it means having a job.”

Was that only five years ago? It shows how quickly an industry can change when modern automation is applied.

Now the Amazon warehouse is immersed in tech, and other companies are […]

The Wrong Inequality Solution: No One Has Anything

The Wrong Inequality Solution: No One Has Anything

Robots are presented at the Robotics event Innorobo in La Plaine Saint-Denis on May 26, 2016. / AFP / ERIC PIERMONT (Photo credit should read ERIC PIERMONT/AFP/Getty Images) The approach to the inequality question has typically been how to either create or redistribute wealth so that those at the bottom of the economic ladder have more. Inherent in that approach is an assumption that societies have the time and choice to lift up those without, compressing the difference between haves and have-nots.

But there’s another approach, one that we seem blindly headed for, that could largely reach a reduction in […]

Amazon’s robot army fuels expansion

Amazon's robot army fuels expansion

TRACY — In Amazon’s million-square-foot order-filling warehouse, two low-slung orange robots carrying stacks of consumer products are zipping across the floor, headed right at each other. One stops — not on a dime, it turns out, but rather over a QR code stuck to the floor — and allows the other to proceed, carrying inventory to a human worker who will pluck out an item, scan it and send it off for packing and shipping.

In this building the size of 28 football fields, containing four miles of conveyor belts and 15 million items awaiting customer orders from Northern California […]

The digital economy needs defending from the hard left and the far right

The digital economy needs defending from the hard left and the far right

Matt Hancock, Minister for the Cabinet Office Automate work, humanize jobs. That needs to be the mantra of the digital economy, according to Matt Hancock, who as Minister for the Cabinet Office in the UK government, has responsibility in part for fostering the digital revolution.

Hancock set out his stall at the 2016 Keith Joseph Memorial Lecture. For the benefit of non-UK readers, Sir Keith Joseph was a British politician, whose long career saw him serve as a minister under four Conservative Party Prime Ministers – Harold McMillan and Alec Douglas-Home in the 1960s, Edward Heath in the 1970s and […]

Who Needs Factories Anyway?

Who Needs Factories Anyway?

Listening to our political leaders, you’d think everyone on the planet works in a factory. Donald Trump wants to stop China and Mexico from “taking our jobs” by preventing factories from moving there — and he’s willing to launch a trade war to do so. Michael Short, a spokesman for the Republican National Committee, recently claimed that a loss of 264,000 manufacturing jobs under President Obama was “a stark reminder of the failure of his policies,” as if the nearly 10 million other jobs added on Obama’s watch didn’t matter.

This obsession with factories threatens to undermine sound economic policy. […]